Hello Fellow ChartWatchers!
The stock market moved higher this week on good earnings news – but it is too early to conclude that the Bull are firmly back in charge. Why? One word – breadth. Breadth and momentum. OK, sorry, two, two words – breadth, momentum and seasonality. THREE! Three words – breadth, momentum and seasonality. There. Phew. (If you don’t get that Monty Python reference, click here.)