Special Update – bobsstocks.com – Nov 6, 2017

One year ago the stock market embarked on another leg of this historic rally.  At the time bobsstocks.com was fully invested in the SPY in our main strategy – Strategy 1.  Since that time Strategy 1 is up an amazing 26%!

This continues to be the most hated bull market in my lifetime.  For the past year the pundits have predicted the end of the world as we know it and what happened was…well….just the opposite.  As I have said many times, the message is often, if not always, in the data and the “news” is anticlimactic.

Today’s market was another All Time High.  Advancing stock lead declines by a 4100 to 2600 margin.  There are a few wrinkles, as there always is, that concern me.  The advance/decline data is a bit soft and there is a divergence.  What I mean is that while the S&P 500 set a new record, the cumulative advance/decline trend did not.  We can have divergences for a long time before they either resolve or the market responds to them.

That said, the 2575 magic number has been broken to the upside.  By the time the November newsletter is out, I hope I can confirm what I have been suspecting for months…click here to read more.