The modified August unemployment rate was reported at 7.3%. Here is the monthly update on using the UER as a recession indicator.
Modified Coppock Indicator for the S&P500
There has not been a new buy signal from the modified Coppock indicator for the S&P500 since January 2013. This model will stay invested to the end of this year, unless a new buy signal emerges before then.
Have been following in a spreadsheet and it shows a new buy signal as of week ending 08/30 with close of 1632.97 and a trigger of indicator maximum versus current level of .007.
My model only gives a new buy signal if 2 consecutive weeks have a buy signal. I also had a buy for 8/30 but not for 9/6.
Thanks…I missed that criterion.