- New Science in old markets -

US Equity market update – a ‘buy’ signal

Further to our earlier edition today, the weekly NYSE composite index compressions have now broken upward. This is a signal to buy the US equity market, probably most effectively through S&P futures. Stop levels and the appropriate profit-taking threshold will follow in an AlphaMail edition in due course.

NYSE weekly comp7

The S&P is trading at 2111.75 as I write:

S&P daily