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Nary a Dip in Sight

This is a syndicated repost courtesy of Slope of Hope – Technical Tools for Traders. To view original, click here. Reposted with permission.

It all started the day after the election (reminder: we don’t talk politics here; I am simply putting a stake in the ground with respect to a date). After the Presidential election was over, the market starting going from Insanely High to Laughably High, and it hasn’t even stopped for breath. Just look at the Dow Composite:

The 30 Industrials:

The Transports (honestly, just LOOK at these……….)

Tech stocks were up today, too, but don’t have the new-highs-every-day thing going on. The NASDAQ has been relatively left out in the cold lately.

All the same, the bulls absolutely rule the roost. The VIX has withered down to the oh-so-sad level of 16:

Of course, just because it’s the weekend doesn’t mean the charts have to stop. We’re going to have an absolute freak show on Saturday Night when Elon hosts SNL (brace yourselves). I have no idea what people think he’s going to do to “promote” Dogecoin or Tesla, but if this becomes a “sell the news” event for $DOGE it could be a doozy. As of this moment, we are at the Satanic 0.666 level:

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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