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Stock Rally Is Not Dead Until Proven Otherwise

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  • The combination of the pandemic and the war in Ukraine have some historical precedence, as wars often follow pandemics due to the economic disruptions which result from such cataclysms.
  • It seems as if the MELA system is replacing the old economic system, perhaps permanently.
  • The Nasdaq 100 Index is still lagging the S&P 500 failing on its first attempt to regain a bullish long term trend.

Trading Charts on a Display

da-kuk/E+ via Getty Images

By Joe Duarte

I remain cautiously bullish on stocks at the moment, based on the fact that nothing has really changed in the last couple of weeks, especially when it comes to the technical aspects of the

S&P Large Cap Index

NASDAQ 100 Index

Advance-Decline Issues INDX

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