Bull Market Shows No Signs Of Stopping Yet

Published 02/10/2017, 12:30 AM
Updated 07/09/2023, 06:31 AM
US500
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SPY
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“In order for art to imitate life, you have to have a life.” Whitney Cummings

Great action and that’s that.

The bull market is strong and is showing no sign of stopping yet so buying the odd little dip remains the only strategy.

Ride the trend while we are lucky enough to have it.

SPY Daily Chart

A nice breakout for SPDR S&P 500 (NYSE:SPY).

Nothing wrong with this chart at all.

Some may point to a lack of volume, but beggars can’t be choosers and they’ve probably missed much, or all of this move, and have likely been losing money being short.

We may see this strength run all the way to May, but maybe not; so, let’s wait and see and stay heavily long.

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