chart: week 38, weakest week since 1950

By  Chad Gassaway, CMT

Next week (week 37) is the 8th strongest week of the year. The following week is the weakest since 1950.

Courtesy of Chad Gassaway, CMT

Courtesy of Chad Gassaway, CMT

This makes sense because many Funds Portfolio Managers fiscal year ends September 30.   They use the last month of their fiscal year to sell their dogs to raise cash for new stocks that they would like to own in their new year.  Right now their are many stocks trading below their 50, 100 & 200 DMA, so clean up may be in order again this September.


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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results