JTH

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Good weekend

For the S&P 500, the month of February closed up 5.49% this is above the -.21% average returns, is the 2nd best February over the past 21 years, the 5th best over the past 66 years

For the shorter 20-year trend, we'll compare the month of March against the other 11 months of the year

• We show a 70% winning ratio, which is above average, ranking 4th
  
• We show 1.78% average returns, which is above average, ranking 3rd

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Good evening

Trading day 19, the last day of February, and the stats aren't great (but not horrible)

• SPX, 50% winning ratio with -.20% average returns
• R2K, 40% winning ratio with -.28% average returns
  
• AGG, 64% winning ratio with .08% average returns

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AGG, 30-min

• Traveling up, price was rejected at 50% of the AB wave at C (typical)
• The blue box is an area with

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For the PnF Market Board, both bonds and equities are on a buy.



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Today, AGG triggers a Double Top Breakout
We have a 112.81 or 1.34% price objective, with a reversal getting triggered at 110.53 or -.71%



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Today the transports trigger an Ascending Triple Top Breakout (two back-to-back Double Top Breakouts) and are the only remaining Index with ...

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Good evening

As we head into the end of the month, much of the price action remains the same, fear & volatility has subsided, and from my perception has been replaced with complacency.

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AGG, 30-min

• Confirmation of the short-term price reversal was displayed with a spike in volume at wave 8
  
• The February descending parallel price channel has been broken, we now have a higher low at wave 8 and a higher high at wave 9

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Good evening

The S&P 500's third week of February (week 7 of 52) closed up .63% this is above the -.27% average week 7 returns, is the 9th best week over the past 21 years, and the 22nd best over the past 66 years.

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Contrasting week 8 against an up/down week 7 from 1950-2014

• We show the last 65 week 8s have an average 51% winning ratio and -.05% average returns
  
• For the 32 years when week 7 closed up, week 8 shows a 47% winning

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