Are we on the verge of another bull run like March 09 ???

Back in March 09.....some 18 months ago....."doom & gloom" was @ sky high level..individual investors polled on March 5th were only 19% bullish... that was one day before low of 666 in S&P 500 & we went UP 300 S&P 500 points in a hurry in a fast 60 days which was 45% UP move.....

Now individual investors are only 21% bullish.......????

Can history repeat itself ????

The chance of a "fast move UP" is overwhelming.....

Reasons for this "unusually bullish set up are many"

-There has been 15 weeks of "outflow from equity"

-Bond has seen "unbelievable inflow" & is @ its peak.....

-There is an "inverse head & shoulder pattern in S&P 500"

Sentiment plus fear plus technicals are a perfect "trifecta" for a sustained rally.....

I know..I know.....I am an optimist by nature...BUT there is MORE reasons to be "even more optimistic"

Rally gets underway when most traders/investors have given up as evidenced by individual investors sentiment........

Since mid June TAPE has been volatile & currently we are near lower end of the range...thus a good staging point for a strong rally.....

BUT it is important to be comfortable with your exposure & strategy as market can be "unpredictable" in best of times......

Many stocks are trading near lower end of trading range...so it is possible that all boats will be lifted this time around......

My preference will be to keep trading & book profit as it comes......

My current portfolio remains AAPL,BIDU & LVS....I am planning to add another stock on Monday.

Good luck with your OWN interpretation of this market & in your OWN strategy.

BLOG does NOT give buy or sell.

Saleem