The Bull Market Isn’t Over If the S&P 500 Hits a New Record High
Without a doubt, the number one question I’m being asked right now is whether the stock market can continue to rise and if there are still good stocks to buy, even though everything is expensive.
Talk about déjà vu!
Just six months ago, many folks were asking the same question as the S&P 500 broke to new highs.
Technically speaking, this is called breaking through “resistance” and – this is really important – this kind of price action typically signals a break to new highs and another bull market charge.
Permabears, of course, just can’t wrap their minds around this but that’s okay with me. I’m perfectly happy to see you capture the profits they’re leaving on the table!
- New highs are not the end of a bull market like most people think.
- Capital concentrates in quality before every major run higher, especially when combined with a break above “resistance.”
- The “melt-up” is very much alive, and you’ll need this tactic to maximize profits.
Until next time,