ARE WE SEEING THE BEGINNINGS OF A NEW BULL MARKET?

In last Sunday’s post, A Triple Witching Equilibrium, I said “if the market bounces off 2,795, we could see the makings of a new bull run.” Well, S&P 500 Futures bounced off 2,795 last Sunday overnight and the S&P 500 Index ended the week at 2,930.

So is that confirmation of a new bull market? Possibly, but bull markets begin one step at a time. And the next two steps are 2,925/2,935 — the market is sitting in the middle of this Equilibrium going into Monday—and 3,005. Stay tuned.

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Jeff is the classic "left brain thinker," with an engineering degree (BSEE) and the Chartered Financial Analyst® (CFA) certifications. However, instead of using his math superpowers for evil, he built a mathematical algorithm to help make disciplined and repeatable investment decisions. When he's not saving the world from large investment losses, he's just a regular guy who tries to positively influence and contribute to the well being of his family and others.
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