Chart Talk {11.02.17}

They say the hallmark of a strongly trending market is that it never lets you in by giving you the opportunity to buy on a pullback when stocks are rising or sell on an uptick during a decline.  2017 is a classic bull market example of that premise.  There's just never been an opportunity to wait for a pullback in order to establish positions at more attractive prices.  Someday that will obviously change but at least up till now this has been an extremely powerful advance.  

Data on length of this current bull market rally is via Charlie Bilello over on Twitter.  Mr. Bilello is Director of Research at Pension Partners.

Chart is of the S&P 500 ETF{SPY}.  Long ETFs related to the S&P 500 in client and personal accounts.  Short S&P 500 in a personal account as part of a separate individual strategy.  Positions can change at any time without notice on this blog or via any other form of electronic communication.

Chart is from Trading View.com although the annotations and trend lines are mine.  You can click on the chart to make it larger if you want a better view.

Back Monday.