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Surge in Selling Climaxes Suggests Stock Market Bottom for Near-to-Intermediate Term

Surge in Selling Climaxes Suggests Stock Market Bottom for Near-to-Intermediate Term. Investors Intelligence notes that last week saw a significant number of stocks reversing out of their 52-week lows (see below).

Surge in Selling Climaxes Suggests Stock Market Bottom for Near-to-Intermediate Term
Surge in Selling Climaxes Suggests Stock Market Bottom for Near-to-Intermediate Term

Historically, that is yet another indicator suggesting that the stock market major indices have bottomed for the short-to-intermediate terms. Selling climaxes occur when a stock makes a 52-week low but then closes the week with a gain. That generally indicates that stocks are moving from weak to strong hands.

Surge in Selling Climaxes Suggests Stock Market Bottom for Near-to-Intermediate Term
Surge in Selling Climaxes Suggests Stock Market Bottom for Near-to-Intermediate Term. Copyright 2019 by Stockcube Research Ltd.

 

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Brad Lamensdorf

Brad Lamensdorf, the founder and portfolio manager of Active Alts, is a principal and co-manager of the AdvisorShares Ranger Equity Bear ETF. He previously managed a long-short investment partnership from 1998-2005 under the name Tarpon Capital Management. Earlier in his career Mr. Lamensdorf was an equity trader/market strategist for the Bass Brothers’ trading arm. He managed a short only portfolio in addition to co-managing a $1bil hedging program. He also served as in-house market strategist for the entire internal and external network of Bass Brothers money managers.

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