RASI Report – For August 20, 2019

August 20, 2019 Bob Weir Analyst Articles, Technical Analysis

On Tuesday, August 20, 2019, the RASI came in at 280, which continues to be well below “500”, which indicates Negative market expectations.

The Ratio-Adjusted Summation Index, RASI, is a market indicator developed by Tom McClellan of McClellan Financial Publications. A RASI reading that rises to and reaches a specified level (500 and above) can be a signal that a new market up-trend is starting. Conversely, a move from well above 500 down to and below 500 is a signal that the market is weakening and that it should move lower. This is the case now.

About Bob Weir 329 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).

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