“This Bull market does not look overbought…”

“This Bull market does not look overbought…”

#Investors #BullMarket #earnings #rally

$DIA $SPY $QQQ $RUTX $VXX

This Bull market does not look overbought in here” — Paul Ebeling

Analyst and investors see several parts of this market, including financials, leisure & hospitality stocks and energy with strong rally potential into Y 2021.

Investors looking for a continued rally are optimistic of a rebound in corporate earnings.

Earnings are going to be used as a confirmation of current pricing.

S&P 500 company earnings are forecast to increase about 23% in Y 2021 compared with Y 2020.

We expect last year’s laggards to join the rally in Y 2021 in a broader rally, with a strong showing by value stocks, shares of small caps and non-US listed stocks.

And growth companies with dominant and emerging business models that can continue to meet or exceed shareholder expectations will continue to participate.

Have a healthy Happy Holiday weekend, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.