Home 2021 August Has Been a Great Month for Stocks September Will Be Too

August Has Been a Great Month for Stocks September Will Be Too

by Paul Ebeling

#August #stocks

$DIA $SPY $QQQ $RUT $VXX

“All of our Key technical market indicators are Bullish to Very Bullish across the board, support is deep and resistance is None on the S&P 500 and Nil on the DJIA and NAS Comp” — Paul Ebeling

Over the last 10 and 20-yr frames, the S&P 500 Index’s average return during August has been negative. And in yrs that follow a Presidential election, only February has been less kind to investors. 

August 2021 was full of MSM overblown negative news for the stock market, which it rightly tuned out. The market is smart as none of the news Noise came about. 

With the benchmark S&P 500 closing at a record Monday, it has marked 13 record highs this month. Any advance Tuesday will mark another record for the index.

Through Monday’s close, the S&P 500 is up more than 3% so far this month, and on track for its best monthly gainer since April. 

Through Monday’s close, the S&P 500 is up 20% so far in Y 2021. 

Instead of the Summer irons, this month had Wall Street strategists start cranking up their longer-term forecasts for the stock market.

Earnings results continued to impress. And with so many eyes on the Fed’s next taper move, it fade as a market risk. 

We are now in yr 2 of the Bull market leg that began in April 2020. And since Y 1957, the 2nd yr of Bull markets have seen the S&P 500 return, on average 13.3%, according to the data.

And with the benchmark index now working on 7en straight winning months this yr’s economic expansion “too far, too fast” looks not to apply. Because stocks were up an average of 12% in 18 of 21 frames that followed 6 straight monthly advances for the S&P 500. 

Again, all of our Key technical market indicators are Bullish to Very Bullish across the board, support is deep and resistance is None on the S&P 500 and Nil on the DJIA and NAS Comp.

Have a prosperous day, Keep the Faith!

#August, #stocks, #bullish,

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.