James48843
Well-known member
A Zweig Breadth Thrust, explained
Martin Zweig was a successful investor who published a major stock market newsletter in the 1970s. He also contributed to Barron's and was a frequent guest on Louis Rukeyser's Wall Street Week, a must-watch TV show for investors in the 1980s.Zweig is perhaps best known for predicting Black Monday in 1987, when stocks lost over 20% in one day, coining the phrase "don't fight the Fed," and his top-selling investment book, "Winning on Wall Street."
He developed the Zweig Breadth Thrust after realizing that a shift from widespread selling to buying in 10 days or less had led to significant gains over the following year.
The Zweig Breadth Thrust triggered on April 24 is just the 20th since 1945, according to Carson Investment Research. The last time we saw one was near the S&P 500's low in November 2023.
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(I never heard of this before- has anybody else? Good read.)
Link: https://www.thestreet.com/investing/stocks/rare-event-may-send-s-p-500-soaring
