Momentum:
- the quantity of motion of a moving body, measured as a product of its mass and velocity.
- the impetus and driving force gained by the development of a process or course of events.
People trying to manage trend changes are by definition fighting momentum, which feeds on an established trend with powerful force. A premium service I use and otherwise depend upon for analysis of conventional US stocks and sectors (i.e. non-precious metals, non-resources, non-global), [XYZ Premium, name omitted due to wider publication], provided a chart yesterday showing the S&P 500’s breakout to all time highs noting "And to think there are still people calling this a cyclical bull within a long-term secular bear market!" Continue reading "Momentum: By Definition it is Hard to Stop"
