Monthly OBV Analysis of Four Key Markets

As August draws to a close, the stock market?based on the Spyder Trust (SPY)?looks ready to record the best August performance since 2000. In 2009 and 2012, the gains in August were followed by an S&P 500 return of 3.68% and 2.43% respectively. With one day left in August there are signs that the market has lost some short-term upside momentum though no top has been completed yet. The strong reading from the NYSE Advance/Decline Line is a positive for both the intermediate- and long-term trend. ...