Triple Barrel 2023

 The stock market initially rallied after the Triple Barrel buy signal was triggered in mid-January. Then, it suffered a ~6% pullback in February. It bottomed in early March and is now rebounding from that selloff.

This is buying time.

This is typically when stocks bottom after a Double or Triple Barrel buy signal – about two months later and following a ~6% pullback. History says that from here, stocks will rally anywhere from ~10% to ~40% into January 2024. 

Of course, if the stock market soars that much in 2023, certain individual stocks will rally much more than that. 

For example, the S&P 500 is up only 5% so far in 2023. Yet, already this year, 125 different stocks have doubled. About 30 stocks have already tripled. Around 13 have already quadrupled. And a half dozen have already risen more than 5X. 

That’s all in just two months, in a market that’s up 5%. 

Imagine how many stocks will double, triple, quadruple, and quintuple over the next 10 months if the market rallies 20%-plus.