My starting point for market analysis is to first look at the big picture. I like the Adv/Dec chart as shown on a guppy chart.
The post-election rally has been broad and it has pushed the short MAs above the red quick. This could push the markets widely higher. The last occasion of such a decisive move occurred in march of this year.
Indexes:
Had given up support last week but then a big rally. It remains to be seen if that was just a relief rally after 9 down days, which will subsequently be sold or whether it is the start of something bigger to the upside.
Very power full rally that Nearly pushed to an ATH. We'll likely get some type of pull back over next few days, but if we can consolidate and hold that 1258 level, the market will be in great shape to expose higher.
Tech has lagged in the rally. If this rally continues, Money should flow back into higher growth stocks as the "risk on" trade continues.
More recent IPOs should give us a good clue as to whether the risk on trade is going to happen:
TTD: Earnings beat, volume picking up. Becomes traceable over the red line.
Coup:
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