EarningsBeats.com Digest for August 23, 2021
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The Best and Worst of the Stock Market Entering September
September has a reputation on Wall Street as the worst calendar month of the year and it's well deserved. September has resulted in a decline on the S&P 500 37 times, while rising just 33 times, since 1950. September is the only calendar month that's seen declining prices more often than rising prices. Therefore, history tells us to
be careful. One industry group, though, has outperformed the S&P 500 every year in September during the current secular bull market. It's the railroads ($DJUSRR):
While the historical performance points us to railroads, so too do technical indications:
Check out the relative strength in railroads in 2020. After a ton of relative weakness the past few months, and the recent breakout on DJUSRR's absolute chart, I could definitely see the DJUSRR gaining more and more relative strength in the weeks ahead.
On Sunday, I wrote a Trading Places blog article, "Two Scorching-Hot Groups Are Set Up For A Significant Decline - SELL NOW". These are two of the groups that I'd most definitely avoid for now. Momentum issues are very troubling, so I expect to see big selling in the weeks ahead. Be sure to check it out. Also, after you're done with the article, consider subscribing to my blog. If you scroll down beneath my article, you'll find a
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Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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