There is a developing divergence between Cumulative Volume Breadth (CVB) and $SPX. That is, $SPX is making new all-time highs, but CVB is not. CVB is merely the running daily total of “advancing volume minus declining volume.”
February has been a big problem for the stock market in recent years. The table below shows the $SPX results for February going back to 2002.
The full track record, including 2023, is now available on our website. The information for 2023 is going to be presented in this article. 2023 was a profitable year for our recommendations, with an average gain at an annual rate of 13.8% – slightly above our 32-year average rate of 12.2%.
Join Larry McMillan as he discusses the current state of the stock market on January 22, 2024.
Stocks continue to plow higher, with most major indices making new highs for 2023 just as the year is coming to an end. Furthermore, $SPX is just a short distance from its all-time highs, set in January 2022, so new all-time highs seem certain to be attained early in 2024.
