StockCharts.com’s Your Daily 5: February 1, 2024

John Kosar, of Asbury Research, presents a brief recap of his previous Your Daily 5, where he pointed out that the October 22 major uptrend in the S&P 500 was still intact and resuming. Currently, the indicator “Asbury 6” is “Blinking.” — what that indicates tactical indecision and often identifies emerging changes in market direction. To that end, John looks forward into February via his five most important charts data series and Asbury Research quantitative models. These are what he believes are the most important to be aware of, and potentially the most influential to US stock market direction over the next several weeks to potentially the next several months.

  • 00:00 Intro
  • 02:00 S&P 500 ($SPX)
  • 03:12 Market Internals Asbury 6 Turned Negative
  • 05:02 Relative Performance: Tech Critical To Further Market Strength ($NDX)
  • 06:55 SEAF Model “Rainbow Charts”
  • 08:12 Seasonality February Is The 2nd Weakest Month Of The Year
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