The Trump index is compose from shares which react on Trump policy. Here is the shares:
The markets peaked on March 1, the day after Trump's address to Congress, and have not posted a new high since then. What leads us to believe that the rally has ended, or has at least paused, is the fact that the RSI 14 for our Trump Index has dipped below 50 for the first time since the election.
What does this mean to us? It tells us that the time has come to become more defensive - lock in profits and raise cash.
This pause in the rally may last a few days or a few weeks, but the underlying trend for US equities remains firmly bullish, and the bull could resume its run at any moment.
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