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S&P 500 Weekly Update: New Month, Same Secular Bull Market Trend



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As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
Jesse Livermore

The question that is being asked today by market participants. While the bull market is indeed back in gear with the break out to new highs, the question is whether it will stay.

A new month, the same trend. April is in the books and that is now four straight months of gains for the indices. The S&P and Nasdaq continued their streak of highs as both scored gains on Monday. The records continued for the S&P on Tuesday, then another new intraday high was met with a reversal as stocks met with weakness. That was quickly shaken off and the S&P closed flat for the week.

The tally shows the S&P up 17+% for the year. The average S&P 500 stock was up 3.54% in April and is up 18.46% year-to-date. The Nasdaq Composite joined the new high list while advancing for the sixth straight week and is now up 23% in 2019. The index is up 17 of the past 19 weeks.

Those lofty numbers spark caution and the talk of a pullback. The word on the street is the "risk is to the downside" and "the market is overvalued". Investors should try the following observation on for size. Guessing when a trend is going to end with a bullish backdrop in place, can be hazardous to your financial health.

Global equities traded in a sideways pattern after rallying 13% year to date. Chinese equities followed that same pattern with Chinese "A" Shares flat for the week. I view this as normal activity after the gains achieved this year.


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This article was written by

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INDEPENDENT Financial Adviser / Professional Investor- with over 35 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice, and Experience to produce Portfolios focused on achieving positive returns. Last year I launched my Marketplace Service, "The SAVVY Investor", and it's been well received with positive reviews. I've been part of the SA family since 2013 and correctly called the bull market for over 8+ years now. 

MORE IMPORTANTLY, I recognized the change to the BEAR MARKET trend in February '22. 

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Analyst’s Disclosure: I am/we are long EVERY STOCK/ETF IN EVERY SAVVY PORTFOLIO. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

My portfolios are ALL positioned to take advantage of the bull market with NO hedges in place. This article contains my views of the equity market, it reflects the strategy and positioning that is comfortable for me. Of course, it is not suited for everyone, as there are far too many variables. Hopefully it sparks ideas, adds some common sense to the intricate investing process, and makes investors feel more calm, putting them in control. The opinions rendered here, are just that – opinions – and along with positions can change at any time. As always I encourage readers to use common sense when it comes to managing any ideas that I decide to share with the community. Nowhere is it implied that any stock should be bought and put away until you die. Periodic reviews are mandatory to adjust to changes in the macro backdrop that will take place over time.

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