- $SPY continues to make new all time highs. This is the most bullish signal.
- $SPY is above all moving averages.
- $SPY is under a MACD bullish crossover.
- RSI remains overbought at 74.55 which has been bullish over the past year.
- The trading range continues to fall to an ATR of 1.04.
- VIX trended down last week to 9.61.
- Volume was low last week during the new all time highs.
- The past year has been a great up trending market.
- Buying the dips in price or trading with the trend higher has been the winning trades for a year.
- Leading stocks look great in the market with Amazon and Google at $1000 and Netflix pressing $200.
I am still long $UWM, $ERX, and $QLD here in longer term trend trades.