Our Major Market Indicators rose into the bullish range to 70.33 from 48.33 this week. The S&P 500 index gained 3.0% this past week to 2055.47, while the NASDAQ rose 2.4% to 4744.40 and the Dow Jones Industrials added 3.8% to 17824.29. Below, the weekly graph of our Major Market Indicators shows the trend over the last few months.
The net increase in the score came from an increase in the technical, liquidity, and earnings momentum indicators, offset by a decrease in the valuation indicators. Overall the Major Market Indicators are sending investors a strong bullish signal, a reversal from the prior two weeks which were bearish.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer