Totally Bullish
Image Source: Unsplash
I’ll admit it, right here and now. I just went through all the index charts, and almost every single one is bullish. And bullish in a kind of “it’ll just keep going up a couple of percentages, week after week, until something big changes” kind of way. It’s not exactly exhilarating for a fellow like me to see this, but there you have it. As I look at these eight charts, there isn’t a single bearish thing about any of them.
I’ll just note that the Russell 2000 one is particularly horrifying, since it looks like it’s finally starting to break above its trendline. There is one exception to this overall trend, and it's this:
That’s the index of financial service companies, and it’s the only one that maybe, just maybe, is faltering. But that’s an awfully thin reed for the bears, almost to the point of not worth mentioning. I’ll say it again: virtually every major index chart is rock solid bullish, and I can only hope my saying so marks some kind of ironic top.
More By This Author:
Sustained StrengthThe Intel Reversal
Precious Faltering