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Stocks bulls- Don’t want to see selling start here!

Courtesy of Chris Kimble

Historically stocks tend to “Start” to get soft this time of year. Below looks at the average performance of the S&P 500 during the month of August over the past 10 & 20-years.

avg S&P 500 returns in august, kimble charting solutions

 

The typical decline in August is “nothing” dramatic for sure, as a 1% decline is nothing to get too concerned about. Below looks at where a few key indices (S&P, Banks, Small Caps and Transports) find themselves at this time.

 

four charts S&P 500, bank index, transports, russell 2000, chris kimble chart

 

As mentioned above each index remains in an uptrend and is above its 200-day moving average. Despite August and September historically being soft, so far August is on course, as a little softness has taken place.

The Power of the Pattern does want to share this observation- Each index finds itself at a price point at each (1), wherebulls really don’t want to see selling pressure get started, this time of year.

From Kimble Charting Solutions.  We strive to produce concise, timely and actionable chart pattern analysis to save people time, improve your decision-making and results

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Website: KIMBLECHARTINGSOLUTIONS.COM


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