Good Thursday morning. In addition to the myriad of reasons we’ve been aggressively bullish from the 10/13/22 bear market lows, Tuesdays trading gave us another reason to continue “buying dips”. 94% of all stocks traded on NYSE rose in price and 92% traded on an “uptick” (buyers swamping sellers), a rarely seen event that resulted in a 90% up day (89.997%) with 10:1 advance/decline.

In the 86 previous times this has occurred (back to 1952), the S&P 500 was higher 1.44% after 10 days, 20 days later it was higher by 2.24% and 30 days later higher by 3.28%. After 65 days, 6.21% higher.

As we begin todays trading, the S&P 500 is less than 2% from ATH’s.

Our leading indicator and our single best "market tell", the semis, are right at ATH’s highs now. We own SOXL (3 x Semi ETF)

Our other leading indicator and single best "economic tell”, housing, is also right at ATH’s as well. We own NAIL (3 x Housing ETF)

Know this; as Tyler is known for saying ...