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| The Zweig Breadth Thrust may sound like an extremely difficult yoga position, but it’s actually a bullish technical indicator with an extraordinary record of 100% accuracy that was just triggered. Created by investment advisor and author Martin Zweig, the indicator takes the 10-day moving average of the number of advancing stocks across the market and divides it by the number of advancing stocks plus the number of declining stocks. When the resulting percentage rises from below 40% to above 61.5% in 10 trading days, it’s a sign that stocks are rapidly going from oversold to overbought. The math is a bit complicated, but Carson Research’s Chief Market Strategist Ryan Detrick certainly thinks highly of it. According to the chart that he just posted on X, the Zweig Breadth Thrust has a perfect record of predicting market gains 6 and 12 months after it appears. With the indicator triggering on Friday, here’s hoping that we can continue to trust the Zweig Thrust. |
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Filed under: "Ask-an-Advisor", Financial Planning, Investing, Portfolio Management | Tagged: business, Carson Research, finance, Investing, martin zweig, Portfolio Management, Ryan Detrick, stock market, stocks, Zweig Breadth Thrust, Zweig Index, ZweigThrust |
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