US Bull Market Turned 9 Friday, a Happy Day for the Bulls

US Bull Market Turned 9 Friday, a Happy Day for the Bulls

US Bull Market Turned 9 Friday, a Happy Day for the Bulls

$DIA, $SPY, $QQQ

Friday, the 2nd longest US Bull Market since WWII turned 9 anni. It began precisely at 1.00p EST on 9 March 2009 when all 3 of the major US stock market indexes bottoms and bounced in unison.

A very rare pattern I have only see 2X in my 40 yr market career.

On that day 9 years ago the S&P 500 hit a cycle low of 676.53, and has more than 4X since helped by historically low Fed window interest rates and improving corporate profits.

The stock market has had several corrections since 9 March 2009, which is when an index like the S&P 500 falls 8-12 % from a recent high, the most recent last February.

But the stock market has not fallen 20-22% or more from a recent high, which is when a Bull market becomes a Bear market.

Today, the S&P 500 would have to fall 600 points from its current marks in order to enter a Bear market.

If this Bull market lasts until 21 August 2018, it will be the longest Bull market since World War II, exceeding the Bull market that started October 1990 and lasted until March 2000.

During that frame the S&P 500 rose more than 400%. The 3rd-longest Bull market came in the post-WWII boom years, between Y’s 1949 and 1956.

Notwithstanding the pundits and talking heads nay-saying, most analysts and savvy investors believe the current market is not at risk of falling into a Bear market any time soon.

Companies are benefiting from the Trump tax law passed by Congress and the overall US economy is growing and unemployment is at record lows.

Friday, was a happy day for the Bulls.

Friday, the major US stock market indexes finished at: DJIA +440.53 at 25335.74, NAS Comp +132.86 at 7560.80, S&P 500 +47.60 at 2786.57

Volume: Trade on the NYSE came in at: 814-M/shares exchanged

  • NAS Comp +9.5% YTD
  • S&P 500 +4.2% YTD
  • DJIA +2.5% YTD
  • Russell 2000: +4.0% YTD

HeffX-LTN’s Market Indexes Technical Analysis is Bullish across the Board

Have a terrific weekend.

 

 

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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