The recent market rally has pushed the market (S&P 500) near break even for the year. However, shares of Berkshire Hathaway (BRK-A) remain -11% below the price at the start of the year. This drop in value could potentially be a buying opportunity and today we apply the market timing strategy of the Coppock Curve to Berkshire shares.
It’s a rare occurrence when the Coppock Curve for Berkshire reach negative territory. For 40 years, there are only 8 times (once every 5 years) we get a buy signal. We haven’t receive a proper buy-signal yet but let’s review what it did in the past.
The table below shows a summary statistic of all 7 signals from the past. Continue reading