Is The Market In A Bull Trend?

The market has been trying for the past nine months to prove that it is in a bull trend. There is and was enough offered to try and convince the unconvinced. Is there any truth to the market being in a bull trend?

Or is this just a short-term reaction to a longer-term bear trend? After a bear trend from spring of 2021 to the fall of 2023, it would seem the tide had turned in late 2023. Yet, the lack of sustained individual stock price moves is evident. There is noise everywhere.

The Market Is At Crossroads

What is really happening? How to cut through the noise? Surely, stocks should be telling the real story. Everyone will have their own predictions. A rare few will have their own observations, interpretations, and conclusions.

The best canary in the coal mine are stocks. But which stocks and what to look for? To keep matters at its simplest, if the sell-stops indicated below cannot be maintained, the market has little chance of offering any reasonable returns. And when reasonable returns are not clearly available, it is hard to make a case to be in the market.

Most will say that there is no way things can be so simple. Maybe. Maybe not. But if one cannot make reasonable returns with considerable ease, why would one even think of being in stocks in a challenging environment? If the market is planning on offering rewards, it would start by letting these stocks stay above the stops listed. Moreover, one or more of these stocks should be making new highs to reflect the market’s strength. Will any of these stocks show us the way?

It can be anything. Some or none of these could make new highs. Some or none could hit their stops. Some or none of these could be range bound for the next few weeks. All one can do is let the rules of speculation dictate the action. Take decision-making out of the control of our human minds.