Summary
- February 21st triggered the first negative market signal in 2023 and the largest negative signal since August 2022.
- The last time the Momentum Gauges® turned negative from the highest peak positive levels since August, the S&P 500 declined -16.2% over the next 10 weeks.
- February averages the 2nd worst month of the year since 1927 and the second half of the month averages worse than the first half.
- Our early negative signal alerted on February 3rd and bear funds in the Active ETF portfolio have gained FNGD +19.9%, YANG +24.2%, DRV +19.3% and SQQQ +16.1%.
- Market indices and stock giants MSFT and AAPL are all testing key support levels in technical breakdown conditions.
- I am JD Henning. A Finance PhD and investment adviser with 30+ years trading and investing. I run Value & Momentum Breakouts where I identify breakout signals and breakdown warnings using technical and fundamental analysis. I run the investing group Value & Momentum Breakouts.
