New all-time highs today ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Don here...
The S&P 500 hit a new all-time high today.
Two weeks ago, traders were calling for a bear market.
Gianni Di Poce showed why this snapback is one of the strongest in market history and why history says it has much further to run.
The monthly trend never turned bearish. The weekly trend never turned bearish.
What happened in February and March was a normal 10 to 15% correction on the daily chart. The kind that happens in every bull market.
In today's free session replay, you'll discover:
- The 11-day winning streak statistic that changes how you view this rally. When the Nasdaq posts 11 consecutive up days, the one-year forward return averages over 26%. Gianni showed the historical data and why the current setup fits the same pattern.
- Why the hatred of this rally is actually fuel for higher prices. Traders shorting into new highs are forced to buy back when they get stopped out. That buying pressure sends the market even higher. Corey Rosenbloom joined the session and confirmed this is textbook short-squeeze mechanics.
- What oil prices dropping below $85 would mean for your portfolio. Classical charting suggests a move to $60 to $80 per barrel. Gianni explained why falling oil acts as a tailwind for both bonds and stocks. Lower energy costs translate directly into higher earnings.
- The "cash is trash" argument for the next decade. Prices are going to keep rising. Gianni made the case that owning equities is the only way to protect your wealth over the next 10 years. The earnings reset during the correction actually made valuations more attractive.
Gianni and Corey both emphasized one principle. Surprises happen in the direction of the trend. The trend is up. It was up before the correction. It is up now. The correction reset the cycle and created the conditions for what Gianni calls a historic melt-up.
→ Watch Gianni explain why the market reset created the conditions for S&P 7,600 and what sectors lead from here
To your success,
Don Kaufman Chief Market Strategist, TheoTRADE
P.S. A melt-up to 7,600 doesn't lift everything evenly. Money rotates, and Jeff Bierman has spent decades tracking exactly where it lands when it leaves the giants.
He calls the early clue the BURN SIGNAL. NFLX, CAT, IBM, XOM, all flagged before the breakout was obvious.
Tomorrow at 2pm EST he's walking through how he spots it. I'm hosting.
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