Well August turned out to be a wild affair didn’t it?
We had the VIX spiking and retreating in record time and if you had access to my premium work, you’d have received the chart below before the market open on the 5th of August highlighting the potential for a buying opportunity.
S&P500 / VIX (Buy Signal)
Thankfully, the market rebounded spectacularly and put up some solid numbers with new closing all time highs for both the NYSE Composite and the S&P500.
The Equal Weight S&P numbers probably tell the story well.
August Equal Weight S&P Sectors
I’ve covered a lot in Septembers analysis and if you’d like to receive my premium work every week to stay ahead of the game, you can access that below.
Hope you find value from my work and have a great September.