Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
While the moves since last Tuesday’s surge have been modest each day there is absolutely no pull in, on a daily basis here. Incredibly strong markets run along their 10 or 20 day moving day averages. That is how this market worked for much of the move the past few months. But since last Tuesday’s burst there is not even a pull back to the 10 day. The S&P 500 is 2% over even that moving average….
I keep running out of adjectives. There are only so many days in a row you can type “remarkable”. This is rarely seen type of action. Definitely uber bull stuff…
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