Investor Sentiment: The Market Climbs a Wall of Worry
Investor Sentiment: The Market Climbs a Wall of Worry

ASYMMETRY® Observations are Mike Shell’s observations of all things asymmetry, asymmetric risk/reward, asymmetric payoffs, and asymmetric investment returns.
Investor Sentiment: The Market Climbs a Wall of Worry
The U.S. Stock Market Trend Reversed Down
What are the Risks and Limitations of Backtesting Investment and Trading Strategies
These charts show the S&P 500 stock index over 12, 9, 6, and 3-month momentum, or rate of change, and the directional trend is labeled with simple trend lines.
The S&P 500 stock market index prints higher lows to resume its uptrend over the last six months.
It's the southern states like Tennessee, Texas, Geogia, North Carolina, and Florida, along with some conservative western states like Wyoming and Nebraska that have the lowest debt per capita.
The directional trend of the e 10 Year U.S. Treasury Yield with 3 standard deviations shows the trend in interest rates has made a material breakout of its historical range of the past 270 months (22.5 years.)
Renaissance Technologies, Considered the "Best Money Manager on Earth", Uses Technical Indicators to Drive its Automated Trading Systems
Sector trend following, momentum, and volatility
Trend following the stock market.