The Trade Index
What Is The Trade Wind Direction?
INDEX STRENGTH: +1
The VIX continues to hold its 200 DMA, at this elevated level, back and forth swings are the norm. Headwinds started up again on the short term indicator but they were weak and the index inched down to just -1. We have gone nowhere (except for the Nasdaq) since mid-June. Our longer-term Strategic indicator remains positive at +2. Covid-19 news and US election outcomes are the main factors to watch. July 9, 2020. 9 pm ET