With the end of October, which is sometimes referred to as "Black October", six-month seasonality switches from Bearish to Bullish. You'll find our seasonality table in the DP Reports blog on the DP Alert Daily Report. You'll see the section extracted below:
This is considered "Intermediate-Term Seasonality". In the report above you will also note that we track "Short-Term Seasonality" which just turned favorable on 10/30. Today our intermediate-term and long-term Trend Model switched from a Neutral to a BUY signal. I also noted in today's DP Daily Update that our intermediate-term indicators are bullish as they rise yet haven't gotten particularly overbought yet. You'll also find this chart, but not annotated, in the free DP Chart Gallery.
Happy Charting (& Halloween)!
Erin
