The Schwab Network’s Morning Trade Live | December 19th, 2023
“Asbury 6” Remains Positive
The “Asbury 6” remains positive since November 2nd, notes John Kosar, CMT. He talks about how several metrics are close to turning red (bearish). He highlights that a negative shift in the model could happen rather quickly. He also looks at the S&P 500 and VIX 21-day moving average, as well as volatility in the S&P 500. He then goes over the market outlook heading into the new year. Tune in to find out more about the stock market today.
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