The price action continues to be constructive for the bulls.
Though investors have yet to receive direct confirmation from the S&P 500 and Dow Jones Industrials (in the form of new highs), the action elsewhere has been encouraging.
And with breakouts on the tech and small cap indexes, the stock market is on better footing than a few months ago.
That said, you may not “feel” that way if you are following the news headlines and social media sentiment.
Today we look at several charts across the market that may change some investors perception of where the markets are at… and likely headed.
As investors, we deal in probabilities and time frames. From a macro trend perspective, we still have yet to see any real evidence that the broader bull market is in trouble. But we always follow our indicators with open minds.
Weekly Stock Market Video – June 9
Click play, then you can use the button in the lower-right corner of the video image to view in full-screen mode. Hit Escape (esc) to exit the full-screen mode.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
