Bull market is on strong footing.........

SO...everyone was worried about jobs report and its implication on interest rate & market ?

Jobs report was a super strong 271K....

What did the market do on that jobs report, most indices went UP......

Many market watchers are extremely confused about their own thesis these days, endless wait for a major pullback.......

This market has been on a bull run since last week of September when it stood @ 1871.91, it shot UP to 2116.48 in a short span of 25 trading days, it was a move of 1660.23 points or 8.87%......

Last 3 trading days it gave up only 32.74 points or 1.55% on jobs report fear.......

In a strong bull market, it has its own momentum and it hardly misses a beat even with "so called rate changing moment"

It is important to understand this bull market, we are headed much higher to series of all time highs.

Seasonally we are in the strongest part, which should add more fuel to this bull fire......

Currently RSI stands @ 65.77 after hitting 70 twice, we seems to be ready to move well beyond 70 RSI this time, high 70's could be in the cards........

Many strong momentum names are making all time highs, that is a tell tale of the strength of this bull market.

Even bad earnings stocks are slowly creeping back up like NFLX......

When market rewards bad earning, one has to accept the strength of this market.

Highly recommend highest exposure based on your "risk tolerance"

This bull market is getting warmed up now for a "major bull run"

We have been discounting slumping China, weak Europe, weak Asia, weak South America and weak Canada...but they are all showing a "pulse in their economy now"

Once they come on board for economic expansion, this bull will roar to levels not imagined by most traders.....

SO....give this market a chance to grow your portfolio, quick profit days are over, it is the long term approach that will pay off handsomely......remember bull market of 60's when nifty fifty ruled...that is where we are heading, it was a decade run.....

Good luck with your own take and your own strategies. 

I am all in......

BLOG does NOT give buy or sell.

Saleem