It showed a similar jump prior to the 4th and I mentioned that last time it halted the rally.
And sure enough, Thursday was flat for the S&P with more losers than winners.
It jumped back to neutral Thursday night and the rally continued Friday.
But the overall sentiment remains fairly neutral, especially considering the new highs being made.
Last week, Mike Burk's stats were right on.
So how about this coming week?:
During the 3rd year of the Presidential Cycle the OTC has been up 64% of the time with an average gain of 1.15%, half of that gain has been made on Monday which has never been down. Over all years the OTC has also been up 64% of the time with about half the average gain of year 3. The SPX has been modestly positive over all periods.
PS: Don't forget good ole WWW.
(And the moon is favorable for 2 weeks)