The Seasonal Buy Signal is on Hold. The bull market is still in waiting.
Oil prices usually enter a weak period starting in September. Is it playable? Seasonality holds true this year so far. Trades in defensive sectors doing well so far.
September’s markets can be much weaker than usual. Investors often looking to precious metals and bonds as areas of safety. Semiconductors are usually the weakest sector.
The slower moving MACD indicator applied to NASDAQ turned negative. Proceed with caution for the next 4 months.