Tom Lee, head of Fundstrat Research, says there are four large signs that support the idea that the stock market is in the midst of a bullish reflection.
In a new video update on the YouTube channel for Fundstrat, Lee begins to indicate that on April 24, the Zweig expanded on the S&P 500 index.
The breadth of Zweig is an indicator that tries to discover the early stages of the potential revolt managed by the 10 -day moving division of the number of advanced shares on the total number of shares.
He tells me that the breadth of Zweig has always indicated that markets are imminent securities.
“This has happened 11 times since 1978, especially one month, six months and 12 months, and after stock markets have always rose. This has been operated on April 24.”
Secondly, it is noticed that the modified high options (OAS) have prepared 50 % of their expansion on April 23. The decrease in the differences of credit-the difference in the return between the unwanted bonds is more dangerous and the “risk-free” government bonds-usually indicate stability and appetite health risks.
“This is a positive development because we are now walking from the danger of stagnation. If the high return differences have moved from 500 [basis points] To 1000, stagnation was guaranteed, but instead, everything near all the widest to levels was reflected before April 2. “
Li also says that the S&P 500 witnessed two consecutive days, as 90 % of the S&P 500 shares gathered, an event that has historically led to more upward trend.
“This means that the stocks, within two days, were published two days when the advanced gains were 90 % or more. As you can see here, three times since 1979, the shares rise after three, six and 12 months.”
Finally, the investor solves the note of the volatile index (VIX) – a measure of market fluctuations based on data from the exchange of Chicago plate options – below 31.
According to Lee, Vix now indicates a decrease in future fluctuations and a potential stock of stock.
https://www.youtube.com/watch?
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
