Margin Debt Starts to Climb

Today's message continues to be that the short-term is murky, but at the same time, the next 12 months should provide some very exciting and positive news to the upside.
Throughout this year, we've been waiting on some of our indicators to begin moving in a more bullish direction, and below is one of these indicators that we've been paying close attention to this year.
As you can see above, the year-over-year change in margin debt is really starting to climb - moving up to 20%, which is a very bullish signal.  You can read more about the movements in this indicator from a recent post here, and we'll continue to keep an eye on it as the market evolves.
Don Hays
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