The advance-decline line is positive for the 10-d, 20-d and 50-dMAs. I don’t think we will see a significant pullback for a while, but with an all-time high in sight, we’ll need to be vigilant.
Today will be five positive closes in a row (assuming a positive close today). Stocks that closed up exactly four consecutive days were about even with the benchmark 1-week later. I don’t even have a stat for what happens after 5 or 6 consecutive up days. Seems like there should be a pause for a day or two in there somewhere.
Overall though, a lot of people seem to think we’re going to crash – that means we’ll probably make new highs.
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