The fundamentals for the stock market that I watch are all very strong right now. I have stated this in here repeatedly for the last 2 months. For those that are bearish, I would re-examine those things that you evaluated in determining your position, and correlate them to 6 month stock price movements. What you will find I suspect, is very little correlation. If you find strong correlations than stay short.
Hint – Factory orders do not correlate to stock movements except “possibly” on a 5 minute chart. The dollar also has no short term correlation that I have ever been able to find. I will say what I have said before, too many people in here have too large of a gloom and doom view of things, and as a result miss good opportunities.
I would not suggest fighting this trend, and actually buying any pullbacks we get until July/August approximately. Things can always change, but at the moment all things I study point upward.
