What is a bull market?
Just look around, everyone hates this market but it is the best example of a bull market. Since its inception in 2009, it’s been despised with a passion that is reminiscent of the Church and the Dark Age era. It’s 2019 and this bull market is still going strong and it will continue to trend higher until the masses embrace it.
This is a video of the article titled Stock Market Bull destined to charge higher or is it time to bail out of which a small excerpt is provided below. Increasingly more readers are asking for video-based articles.
For a long time, our theme was to view all sharp pullbacks through a bullish lens as the trend based on our trend indicator was trading firmly in bullish territory. Secondly, one critical psychological component was in our favour too- the masses were either bearish or they cursed this market from the sidelines (neutral camp); hence the slogan the most hated bull market in history.
We must deter for a second by stating that a mild or brutal correction comes down to what level you embraced this market. If you embraced this Stock Market Bull in the early stages from 2009 -2011, then a mild correction would seem brutal or back-breaking in comparison to someone who just jumped into the market. A 15-20% correction would knock the socks out of them, but for you, it would appear to be nothing but a blip; this is why we have consistently stated that the best time to open long positions when the masses are in a state of despair.
New Commentary on 2019 Bull Market
In the June 12, 2019 issue, we have provided subscribers who don’t want to follow the new stop methodology that is triggered after a position is showing gains of 30% or more with two alternatives.
Overall we expect volatility levels to remain high, so expect swings in both directions ranging from mild to possibly wild and we would not be surprised if many parts of the world experience weather patterns bordering on the insane in the weeks to come. Wild weather is usually followed by insane human behaviour. Hopefully, we are wrong as when it comes to wild weather we are only too happy to be proven wrong as it brings untold pain and misery to many.
On the political frontier, the situation is going to continue trending towards the insane
By 2020, any sane person is going to think that they need some strong medicine to follow what the candidates really have to offer. So far the scene has all the makings of a D rated movie
The long term outlook continues to show signs of strength. The Dow Utilities have surged to new highs, and therefore the markets are unlikely to tank, the sentiment is far from bullish, and Copper is showing signs of life. Copper is a leading indicator and the MACD’s on the monthly charts are about to experience a bullish crossover in the extremely oversold ranges; this is a very positive development.
Sept 2019 New Comments
It takes zero effort to panic and the reward is exactly zero; those that panic in the face of adversity are given what they deserve. In terms of the market that means less than zero, as the masses always sell at the bottom and buy at the top. The astute individual that does not panic walks away with a huge reward and that is how it’s been for millennia and nothing is going to change for another 1000 years.
There is no law or set rules when it comes to the markets other than having the ability to adapt to a given situation. We are dealing with emotions and when emotions do the talking, chaos is set free. And that is why like cattle, the lemmings always stampede when the markets sell-off. The masses also tend to jump in when the markets are about to crash. Hundreds of years have passed since the Tulip bubble and nothing has changed.
Random comments on the markets for Recent Issue of the Market Update service
This is probably one of the most unspectacular corrections the market has experienced; the bears and the naysayers were sure the end was nigh, the only thing that got smashed was these individuals over-inflated egos.
The weekly chart of the Dow illustrates it is at a minor crossroad. We say minor because the long term trend is bullish and the monthly chart patterns are also very bullish. Hence any hiccup on the weekly chart has to be viewed as a buying opportunity. The MACD’s could experience a bearish crossover. If they do, the Dow could drop to the 25K ranges on short notice.
We would be very happy if the Dow suddenly reversed course and dropped below 25,000; this would knock the living daylights out of the masses and give false hope to the bears, indirectly creating a mouth-watering opportunity for the Tactical Investor. When the trend is positive (UP) train yourself to view strong pullbacks, corrections and other negative development through a bullish lens. Anyone can panic in the face of trouble, but only the astute individual can stand still and direct their energy to spotting opportunities. Don’t do what the masses are trained to do, for, after all these years of panic, they have nothing to show for it. Market Update Sept 15, 2019
It is surprising and discerning (almost unbelievable) that investor sentiment is still negative. We have never seen such a development before; this is the longest bull market in history and one of the most insane, but yet the masses refuse to embrace it. Therefore no matter how much logic states that a top should be at hand, what might be taking place is that a base is being built for the next explosive upward move. Market Update Aug 31, 2019