S&P 500: Great follow-through
By Colin Twiggs
March 4th, 2014 6:30 pm ET (10:30 am AEDT)
Research & Investment: Performance update
ASX200 Prime Momentum strategy returned +39.18%* for the 12 months ended 28th February 2014, outperforming the benchmark ASX200 Accumulation Index by +28.54%.
* Results are unaudited and subject to revision.
Sellers evaporated as the S&P 500 followed-through above 1860, closing at 1875 on normal volume. Expect an advance to 1950*. The long-term trend is bullish, with repeated 21-day Twiggs Money Flow troughs above the zero line.
* Target calculation: 1850 + ( 1850 - 1750 ) = 1950
CBOE Volatility Index (VIX) retreated below 15, typical of a bull market.
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