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Seth Golden posted an update 2 years, 11 months ago
A new signal from a voting member in Dean’s TCTM Composite Thrust Model issued an alert at the close of trading on Wednesday. The component is called the percentage of members above the 10-day reversal model, which identifies when the number of members trading above the 10-day moving average cycles from oversold to overbought in a short period of time.The number of S&P 500 members above the 10-day moving average increased from 5% to 89% in only 5 sessions. That’s the quickest reversal since last October. This signal triggered 52 other times over the past 93 years. After the others, future returns and win rates were solid across all time frames.
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