Bullish Stock Market Action Around G-7

The news is one thing but how stocks react is more telling. You had a crossfire of G-7 trade threats premarket Friday. Even after a down open the S&P 500 SPY ETF managed to close higher.

The market time and time again is telling you it wants to go higher. It's eating up many trade scares and other 'bad news' and has managed to rise anyway.

We've pointed out many times over the last few weeks that the market's action is very bullish.

Despite rates spiking the market didn't crater. Recently when China and North Korea news turned negative the market didn't budge. We've seen the same story many times of late.

Even with all this bad news NASDAQ quietly found its way to a new high.

We think the S&P 500 SPY is next. Are you positioned?

It's one thing to read the news but more important is how the market consumes that news. Not going down on 'bad G-7 news' is another example of amazing market action.

It's bullish.


All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. Model portfolio trades and positions are hypothetical to be used for directional analysis and ratings purposes.

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