US stock market is coasting along nicely!

 Many pundits are trying to prove in desperation that US stock market is " wrong in going UP "

Just because pundits have been predicting demise of this bull run for last 18 months, does not mean that pullbacks are imminent.

On the contrary, US stock markets have been correcting in an orderly manner with a well known concept of " ROTATION "

But pundits are looking to issue command to US stock market " as if its going to listen to their miniscule trading  position which keeps changing "

Many technicians are only looking for charts which tells them pullbacks of 20% are here for sure...heard that and ignored that...

We are constantly being told that with wrong thesis that " OH market is only going UP because of this and because of that "

Stock market goes UP because it wants to go UP.......

When I look @ entire stock market, not a single sector looks deeply overbought while markets have been making series of all time highs for months....

Actually most of the sectors are looking oversold based on RSI..a strange phenomenon @ all time new highs....

XLB & S&P 500 are sporting RSI of 66.55 & 66.27 they are #1 & #2 highest in my universe...

Nasdaq @ RSI of 58.27 looks oversold which is #3 in my universe.....I think I have made my point...

SO a well diversified portfolio with maximum exposure is more desirable now than ever.....RSI numbers do not lie.....

Markets go up for a lot of reasons which depends on what stock market sees ahead in 6 months...in March US & World markets see lot of good things.....

World economy in spring will usher a new era of post pandemic boom

You will be wise & prudent to see that and position in stock market accordingly....while rotation will keep happening.....

Good luck with your own thesis and comfort level.

BLOG does NOT give buy or sell.

Saleem