Weekly Newsletter of Danny Merkel

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Weekly Newsletter of Danny Merkel
Newsletter of Danny Merkel - Issue #155

Newsletter of Danny Merkel - Issue #155

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Danny Merkel
Feb 04, 2024
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Weekly Newsletter of Danny Merkel
Newsletter of Danny Merkel - Issue #155
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Market Review:

The S&P 500 hit a new all-time-high this week. From a purely Trend Following perspective, this means you need to be bullish and long the market.

SPY Monthly Chart (2014 - present)

Friday’s all-time-high was reached as the index rose by 1%. While that’s a bullish combination, there was something strange about Friday’s rally:

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