SmarTrend Weekly Performance Statistics
The number of Downtrends rose slightly last week as investors squared their portfolios at summer's end, taking profits where possible. The best Uptrends, however, continue their rise as witnessed by the rise in the average length to 107 days - well above historical averages. The percentage of trends that are in-the-money, while off of peak levels, remains inline with historical averages (mid-80% for Uptrends during a rising general market). We will watch this closely for signs of a potential top in the market.
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