Market technicals have turned bullish, as price of the SPY (S&P 500) relative to the Chaikin short and long term trendlines has finally broken out. (Market Conditions) But fundamentals remain stubborn, as the ratio of bullish to bearish stocks according to the Chaikin Power Gauge remain neutral. However, our Chaikin Power User Portfolio is riding the lift in the overall market to impressive performance. After 5 months of grinding it out in a sideways market, we are finally starting to reap fruits from our investing discipline.
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June 2017
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