Happy Birthday, Bulls!

Can you believe it's already been two years?!

Hamilton D
October 07, 2024

It’s officially been a bull market for 2 years now.

That seems to have a lot of folks upset, but that’s not your problem.

This week in October 2022, the S&P 500 bottomed and has since rallied almost 65%.

And just like every single bull market going back to the beginning of time, it’s been a great time to own stocks.

S&P 500, SPY, Weekly

We’ve had to fight through many market-breaking scenarios:

Those are just the ones I can think of immediately.

Feel free to pepper in geopolitical events, wars, the whole “fake” economic data thing..

And yet the market has continued to shrug them off.

That’s why I focus on the only thing that matters at the end of the day: what is price telling you?

Which way are markets trending, and does the weight of the (technical) evidence support the continuation of the trend?

So, let’s do that.

Here’s where we are this morning.

It’s a simple checklist that keeps us in-line with what the market is telling us, not the scary guy on TV or social media.

As long as the majority of those X’s are on the bull column, we’ll continue to assume this market is doing a lot better than this guy does:

Last week we had our LIVE October Market Review where we went over both our bull and bear case for the markets.

We included a bunch of trades, including many that are already working.

If you haven’t watched it yet, you can watch it completely FREE by clicking here.

Reminder that it’s the last live monthly charting strategy session that we’re hosting for free this year.

If you’d like access all of our market research and trades, check out our premium market research subscription.

See you tomorrow morning,

Hamilton