Here’s what the charts are saying about stocks today…

From Richard M. Smith, PhD, Founder, TradeStops:

Wow. What a rally.

When I said six weeks ago that I suspected that the stock market would likely rally faster and further than the neo-bears ever imagined, even I didn’t expect the S&P 500 to rally over 15% in six weeks and be on the verge of making new all-time highs.

The S&P 500 has rallied so sharply and strongly that it triggered a TradeStops SSI Entry signal this week.

Our SSI Entry signal gets triggered when an asset rises more than its normal expected volatility range (more than VQ%) AND our proprietary SSI Trend indicator makes a solid turn up.

Both of those pieces fell into place this week and the S&P 500 triggered a new SSI Entry signal.

The move in the S&P 500 has been impressive … even unprecedented. I’ve been leaning bearish. I was just expecting a…



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