I love the research from The Leuthold Group. Their Green Book is a like a present showing up every month in my inbox. I was going to write a white paper on Dow Theory, a simple trend following approach that has been around for 100+ years. But, this simple chart below sums up the entire paper without my writing it – thanks Leuthold!
Overlay a simple moving average on the S&P and the Dow, and voila! The trend is your friend…
via Leuthold
