As you I discussed last week, we added risk exposure to portfolios with the breakout to new highs that came in conjunction with a short-term ‘buy signal’ as shown below.
However, when we zoom out a bit, a different picture emerges. Note that in all 3-cases, there was a ‘Stage-1 Advance’ followed by a correction which led to a ‘Stage-2 Advance.’ The correction that followed then provided for the final bullish advance which I call the ‘Charge Of The Light Brigade.’
This post was published at Zero Hedge on Jul 21, 2017.
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