Author: Jesse Barkasy
Covestor model: Trend Following
During August we saw the Dow Industrial Average (INDU) and the S&P 500 Index (SPX) return to the highs seen in April and May of this same year.
The trend has flattened out recently and gone down slightly as the volume has waned and so we will now wait to see what direction the market will go next.
The major long term trend is still up and our signals are picking up a few leader stocks that we are currently in the process of testing for our Covestor Trend Following model. Until we believe we have found the strongest ones, we will be a bit careful just in case the market decides to correct here and digest some of its recent gains.
We will attempt to remain in present time and follow along with what the market is doing now in order to eventually catch a big trend.
