The Strength of the Market is: Weak but Strengthening
Last week was scary for investors - The worst week since the Financial Crisis. But, today's big market rise was a welcoming sigh of relief. Long-Term trends (200-day) are positive again - Although, Short-Term (21-day) & Medium-Term (50-day) trends continue to be negative.
With last weeks big sell-off, our 'Strength of the Market' view is now: Weak but Strengthening.