The market soared as expected (see previous post). A series of heavy volume days in October, December, and January when the market bottomed suggested accumulation (click on the chart to enlarge it).
Now the strength has to prove itself. A rise of the S&P 500 above previous highs will tell us the move has a long way to go. If our financial risk indicators keep heading lower stocks will go much higher.
Stay tuned.
Editor
The Peter Dag portfolio
Since 1977
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