Study: breadth is leading the stock market higher. A bullish sign.

Discussion in 'Index Futures' started by Troy Bombardia, May 12, 2018.

  1. VictorS and murray t turtle like this.
  2. Saltynuts

    Saltynuts

    Its going higher for sure.
     
  3. I've noticed this recently and mentioned the number of busted patterns and the discretely bullish market activity that isn't showing through to the indexes (though it did in a big way on Thursday and Friday).

    You think? Recent charts would be one heck of a prelude to a 5% drop on Monday. I'm back to running with the herd myself, but I have an exit strategy if I'm wrong. What's yours?

    Being certain of market direction is a fancy of saying you haven't considered alternatives.
     
  4. SteveH

    SteveH

    Who's gonna hold an S&P 500 buy-in at 300 and make a decent return over the next 5 years? More likely, you'll get a 50% retrace from that print.

    Reality still is 94+mil able-bodied unemployed in the US with 21+ trillion in debt. Something has gotta give.
     
    Last edited: May 12, 2018
  5. I'm sure Trump has "Helicopter Ben" on speed dial just in case.

    Besides, a "little" unemployment and debt hasn't stopped the stock market before...
     
  6. %%
    You know something interesting ,related to that,usually SPY does much better than equal weight S&P 500 ETF