Saved Again… For The Second Month In A Row


Authored by Sven Henrich via NorthmanTrader.com,

Saved again. For a second month in a row markets were on the verge of breaking their bull market trends. For a second month in a row they were saved again into month end. I’ll publish a proper Weekly Market Brief tomorrow, but I wanted to take a moment to highlight in a few charts the precision, and one might say, coordinated fashion with which all these trends were saved.

And one has to stand in awe. Just a week ago everything once again looked at the verge of breaking down, but the Bear Trap was set and stocks responded with their best week in 7 years to close out the month greatly aided by the US Federal Reserve who, like in February 2016, once again caved on their projected rate hike schedule.

The timing is impressive.

$NDX:

$NYSE:

$OEX:

$SPX:

$TRAN:

$VTI:

And of course the Dow Jones Global index, the $DJW:

Congratulations are in order:

What? You thought the bull market would just roll over without a fight?

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