OK it’s a new year, and out with the old and in with the new. Old as in Mood. And new as in Market Pull. What is “Market Pull”? A few indexes tend to have insight in the market's tug, push, and pull. Momentum Oscillators and Bullish Percent Indexes are two. I used a composite of those, plotted it on a chart, and saw that it had more promise than the old “Mood”. I have been watching it for the past few months, and the moniker of “Pull” came to mind. I see it as a indicator of US stocks in general. But especially as a S fund comparison tool.
So I am presenting this “Pull” chart, along with the old “Strength” chart in line formats. I have plans to update both daily. And each will have its own signature range. And as I said before with the Strength/Mood charts, I have no illusions of a perfect buy/sell indicator. I see it only as another tool. I have not backtested it further than what you see. Over the long holiday weekend I checked it for errors. Then I plugged the numbers in a chart generator, and voila… this is it.
Updated EOD Tuesday January 2, 2018Chart 1 shows Strength, and even with the C and S funds having bigger days, the I fund is on top.
Chart 2 shows Pull , and as luck would have it, it had a whipsaw just as I was about to post, (down on Dec 29, back up on Jan 2.) Even with that, it still has a rolling-over look to me.
