Subject: Re: Jim, thank you ...
Bullish as of today?

Yup, my slow "99 day" bull market detector now says "bullish".

That doesn't mean it's right, of course.
But it's saying that, statistically speaking, we seem to be in a bull market for now and likely the next few months.
Big lasting drops shortly after fresh recent highs are quite rare. It takes a while for depression to set in.
Usually : )

This signal does not turn on a dime, it's more of a big-picture investing regime kind of thing.

I haven't really tested, and don't use, the same signal calculated from the S&P Equal Weight index.
But FWIW, that has been bullish since Jan 17 and is up 3.1% since then.
This tells us that the cap-weight index switching to bullish now isn't due to simply a few giant firms having a good week.
The reverse, in fact...the strength is somewhat broader than the cap-weight index would lead you to believe.


One last note: the (overcomplicated) version of the "99 day" signal that I watch personally is very slightly different from the standard one.
It hasn't gone bullish yet, but would with maybe another .5% rise in the S&P.

Jim