My core market health indicators are bouncing around as the market consolidates in a sideways pattern. This is healthy behavior and should resolve with another leg upward.
Last week, I said that we’ve got everything we need for the next leg of this bull market. This week we’re getting confirmation of the rally with all of my core market health indicators jumping substantially. Some of them are starting to get into overbought territory, but when this happens it often fuels the rally for several weeks before it ends. Enjoy the ride.