How much longer can the market continue this consistent rally higher? Many have been asking this question -- many also are forecasting that a sharp downturn is "overdue", which is part of the "wall of worry" that allows this strong market to continue higher. The current situation has been a perfect example of "the charts tell the tale" -- since February of this year, we've seen all the major indices move steadily higher -- which is why in our premium real-time option trading programs, Price and our team of traders have been buying many more Calls than Puts during this time (call 1-800-244-8736 for details).
Take a look at the chart below, you can see the uptrends of the S&P 500 (SPX) (SPY), Nasdaq 100 (NDX) (QQQQ), Dow Jones Industrial Average (DJIA) (DIA) and the Russell 2000 (RUT) (IWM). The Russell is in light blue and stands out from the other major indices, which have moved higher in tandem (although the DJIA in red has shown a bit of relative weakness in April).
We've mentioned this Russell outperformance previously -- it tends to bode well for the market when a small-cap, growth-oriented index is showing relative strength.
Take a look at the chart below, you can see the uptrends of the S&P 500 (SPX) (SPY), Nasdaq 100 (NDX) (QQQQ), Dow Jones Industrial Average (DJIA) (DIA) and the Russell 2000 (RUT) (IWM). The Russell is in light blue and stands out from the other major indices, which have moved higher in tandem (although the DJIA in red has shown a bit of relative weakness in April).
We've mentioned this Russell outperformance previously -- it tends to bode well for the market when a small-cap, growth-oriented index is showing relative strength.