I woke up at 5.30 am to go for my cycling practice yesterday. On my way there, I was pushed this Prepare for 2024 – Martin Pring’s Expert Insights on the Equity Market on YouTube. Turns out to be a rather nice video so I shared some of the charts he presented. Martin has been in this for a long time. I still have his book on technical analysis as a reference book. In this video, Martin just share what the data is telling us. Here is his summary:

• The post-2009 secular bull could be in the early stage of reversal. There are signs but because they are very long-term they are not confirmed yet.
• #1 is important because the secular trend determines the character of the primary trend.
• The primary trend indicators are pointing north. There is quite a lot of upside potential still.
• US economy is experiencing escape velocity, which means the economy is becoming a self-sustaining recovery recovery.

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