Trend Signal Now: Doesn't Matter If You're Broke

Sunday, January 26, 2025

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Bull Market For Bulls

I've studied every bull market in history.

The one common denominator is that investors who own stocks make a lot more money than the investors who sell their stocks.

Those are just facts.

And here's another one. The market doesn't care if you're broke. It only cares that Goldman Sachs and JP Morgan aren't...

And so with new all-time highs in both of these stocks, the market is suggesting that these two companies are, in fact, not broke.

To quote the great Walter Deemer, "No stock in an uptrend has ever gone bankrupt".

Meanwhile, it's not just $JPM and $GS that are hitting new highs again.

I challenge you to go through every single stock in the Dow Jones Industrial Average, all 30 of them, one by one, and then come and tell me you're bearish this market.

I dare you.

Also on the new all-time highs list this week is Caterpillar, which we got long 2 weeks ago, Visa, American Express and Amazon.

You also just saw new multi-year highs for Cisco and 3M.

On deck, you've got Microsoft, Walmart, Nvidia, IBM and Honeywell, each just an eye lash away from new all-time highs

It's a bull market, so this shouldn't be surprising.

Ask yourself this: Are more stocks resolving their consolidations higher and breaking out to the upside? Or are more stocks resolving their consolidations lower and breaking down?

Just go one by one and see for yourself.

The answer becomes very obvious very quickly.

Look at Google, who has not yet been added to the Dow. But it's coming...

New All-time highs, again.

This is Google, or "Alphabet" (I can't get used to calling it that). It's a $2.5 Trillion company.

It's kind of a big deal, not sure if you heard.

And while we're talking about big Communications stocks, look at Facebook, or "Meta", also breaking out to new all-time highs, again.

It's almost as if there's a theme going on here...

Stocks are going up. Because bull market.

So to circle back, do investors who own stocks make more money during a bull market? Or is it the investors who are selling their stocks and going to cash that make the most?

Again, go back and see for yourself. You'll see that the investors who own stocks make so much more money than the ones who are selling their stocks.

So we're acting accordingly.

Why wouldn't we?

This week was our LIVE Mid-month Video Conference Call exclusively for Premium Members of ASC Research.

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See you in there.

JC Parets, CMT | Founder, All Star Charts

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