Market Update: Does This Prove the Bull Market Is Over?

Market Update: Does This Prove the Bull Market Is Over?

Recently, one of my colleagues sent me the cover of The Economist. It sported a picture of an aggressive-looking bull with the headline: “The Bull Market in Everything.” And under the bull, it asked: “Are asset prices too high?”

Now, as many of you know, I spent a few days last week teaching a technical analysis course at the New York Institute of Finance.

Interestingly enough, that Economist cover is an example of one of the technical indicators I discussed in the class.

See, when the mainstream media starts to report on a bullish or bearish trend, it typically means the trend is ripe for a reversal. So is this bull market coming to an end?

Well, my analysis indicates the end isn’t here just yet. In fact, since the S&P 500’s price action stalled last week — right on schedule — we’ll likely see another leg up in the major market averages.

I cover all of that and more in this week’s market update. It’s a lot of information, so let’s get right to your eight-minute webinar

 

Share This