Today at the close Dow Theory signaled a bull market is underway. Bull markets are expected to last from one to three years. The current signal comes after what I consider a bad bear market call in February.
On a side note, almost all of my core market health indicators surged strongly higher this week. They are also indicating that the market is preparing for a year end rally. The most notable change is that my measures of market quality have now moved above zero. If that holds, the core portfolios will be adding more exposure and reducing hedges.
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