ΣL US Stock Market Composite - 23rd February 2024 | @ 75 Days | + 4.86%

Last trade: + 4.86% | 'B' class signal in Sigma-L US stock market composite (Russell 2000, Dow Jones Industrial Average, S&P 500). Avg. wavelength of 75 days since October 2020. Currently peaking.

ΣL Cycle Summary

Following the recent update of the S&P 500, we have the broader picture of the excellent wave around 75 days across US stock markets to examine here. As you may expect, it is largely similar, with the wave pushing up from the most recent low in early January, further emphasising an incredibly linear rise in both the S&P 500 and DJIA (Nasdaq too, for that matter). The Russell 2000 is a little more subdued in it’s rise which allows for more amplitude in the 80 day nominal wave. This further helps to increase the signal to noise ratio in the time domain average when compositing the three. Amongst the selection, the S&P 500 saw the greatest gain since the last report. In addition to the peak of this shorter wave, these markets are also now peaking from the incredibly strong 40 week nominal wave, moving at around 250 days average wavelength and which last troughed in October 2023. The next low of the wave around 75 days is due toward the start of April, more details below.

Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.

Type: Buy - ΣL US Stock Market Composite 16th January 2024
Entry: 16th January, 2024
Exit: 23rd February, 2024

For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Constituent Gain:
S&P 500 (6.84%)
DJIA (4.49%)
Russell 2000 (3.26)

Composite Average Gain:
4.86%

Before and After

Signal comparison between our last report and the current time, in chart format.