Conclusion, Investment Implications, Strategy

Table 1 below shows that, as of the close yesterday October 5th, 4 of the Asbury 6 key internal market metrics have moved back to Posiive, from Negative on September 17th.

The recent atypical volatility in the Asbury 6 indicates that six unrelated market metrics are at a balance point/decision point between Positive and Negative readings.  This suggests the US stock market is at a Tactical inflection point from which its next significant directional move, up or down, is likely to begin. 

Feel free to call us for further clarification on current market conditions.

Table 1

 

The chart below highlights the Asbury 6’s signals over the past 12 months

Click the table to make it larger.

Four or more metrics in one direction, either Positive (green) or Negative (red), indicate a tactical bias.  The dates in each cell indicate when each individual constituent of the A6 turned either positive (green) or negative (red).  When all Asbury 6 are positive, market internals are the most conducive to adding risk to portfolios. Each negative reading adds an additional element of risk to participating in current or new investment ideas.