"study covered the 88-year period from 1927 to 2014 ~ evidence that supports the view that time-series momentum (also referred to as trend-following) is one of the few investment factors that meet five important criteria for inclusion in a portfolio"

http://www.etf.com/sections/index-investor-corner/swedroe-persistent-kind-momentum?nopaging=1

"momentum is clearly based on behavioral explanations, including herding, anchoring, confirmation bias and the disposition effect. Because momentum has performed well historically, it’s clear that these behavioral biases have likely existed for a long time. And human behaviors tend to persist even after the biases are discovered and made well known. After all, that’s what makes us human."

http://www.etf.com/sections/index-investor-corner/swedroe-why-momentum-struggling?nopaging=1

It’s that time of year when stocks are usually weak and often strength does not return until mid-October when earnings start to come out again.

Trend is still down. Enjoy the ride.

               looks like we'll finish with an inside day at weekly support area