The purple line in this chart is the 200-day moving average. As you can see, it rolled over in April, and has been declining ever since (i.e. the trend is down). And you can also see, it has contained any rallies, since.
So, now we’re testing this 200-day moving average again.
Will we get a technical breakout into the end of the year? We will see.
What we do know, is that the odds are lining up in favor of positive stock performance over the next twelve months.
As we discussed last month, heading into the midterm elections, among the many major influences on markets in this environment, none are bigger than what happened on November 8th.
Remember, the midterm elections are historically good for stocks.
How good? Going back to 1950, there has never been a 12-month period, following a midterm election, in which stocks were down.
So, according to history, the probability of a positive return for the stock market one-year after a midterm election is 100%. And the average one-year return following the eighteen midterm elections of the past seventy years was 15% (about double the long-term average return of the S&P 500).
With that, for those readers who aren’t already members in my premium service, The Billionaire’s Portfolio, I’d like to include an invitation for you to join us.
You’ll get full access to view my 20-stock portfolio, and all my detailed analysis on each. These are stocks that are all positioned to do multiples of what the broader market does.
What is The Billionaire’s Portfolio?
It’s a do-it-yourself portfolio, but with an expert on your side (me), helping you along the way, and helping you align your portfolio with the biggest and most influential investors in the world (their edge becomes your edge).
It’s easy … and it works!
If you have a brokerage account and can read a weekly e-mail from me, you can build a simple, but powerful portfolio of the best billionaire–owned stocks—and position yourself to reap the same returns as the world’s top billionaire investors.
I tell you what to buy … when to buy … what to hold … and what to sell—and when.
Here’s how it works:
I plow through legal filings, tap my connections and research my extensive proprietary database to find–and–follow the smartest, richest and best performing billionaire investors in the world.
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And I have carefully designed a 20–stock portfolio of only the top billionaire–owned stocks. These are stocks that all have the potential to do multiples (in some cases, many multiples), from here, as the economy recovers.
I tell you the story on each stock and I tell you the game plan each billionaire investor is executing to unlock value in the stock. I give you weekly updates… a live quarterly portfolio review… and full access to my portfolio of stocks, and all of my commentary and research.
You’ll join our loyal members, many of which have been part of the Billionaire’s Portfolio for the past decade.
These members span that gamut, from novice investors to experienced investors … from those early in their careers to those accomplished and retired … from financial advisors to high profile institutional investors.
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They all have one thing in common: they understand the value of having an edge in investing.
I hope you’ll take advantage of this invitation to join us. You can find more details here.
Happy Thanksgiving!
Best,
Bryan
