Need to Know: The strong signal that’s being sent to stocks by corporate bonds

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Is it a false dawn in the stock market or is there something real? The S&P 500 has never lost ground over the following year when advancing volume was at least 85% of volume for two out of three days coming off a 52-week low, according to Jason Goepfert, the founder of Sundial Capital Research. That has happened 13 times.

Here’s another: The S&P 500 SPX closed higher on Wednesday for the first time since March after a day in which it gained at least 2%. You can now buy the dip without automatically and instantly getting punished.

This article was originally published by Marketwatch.com. Read the original article here.

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