As of yesterday, we’ve had 30 straight trading days with the ^NYSEHILO printing a one day reading greater than 90%.
We are excited to announce phase three of the Nasdaq Dorsey Wright Model Builder with the launch of Matrix and FSM-based Relative Strength (RS) Testing Service. As part of this launch, we are granting you free access to the service for the remainder of 2020. The tool is designed to help you more easily design, test, implement, and monitor custom models powered by the Nasdaq Dorsey Wright methodology. Please see below for replays of our latest webinar series covering the different aspects of the tool.
11/19/2020: Static Model Builder Demo Replay - Click Here
12/9/2020: Matrix Model Builder Demo Replay - Click here
11/5/2020: FSM Model Builder Demo Replay - Click here
As of yesterday, we’ve had 30 straight trading days with the ^NYSEHILO printing a one day reading greater than 90%. For those not familiar, the ^NYSEHILO measures the numbers of new highs made on the NYSE divided by the number of new highs plus new lows, which is a one day reading. The one-day readings are smoothed over a 10-day moving average to slow down the indicator, which is why having 30 consecutive trading days with single-day readings greater than 90% is such a noteworthy occurrence. Since 1980, this is only the eighth time this has happened and the returns over the long-term are typically strong. The one-week time-frame was the only period where the average returns turned out to be negative while the one- and two-year periods produced positive returns 100% of the time. While this is no guarantee moving forward as each market environment is different, it does add to the positive evidence for domestic equities.
