The weight of evidence continues to suggest a healthy primary uptrend with no end in sight

James Marlay

Livewire Markets

The weight of evidence continues to suggest a healthy primary uptrend with no end in sight. This is the assessment of the current state of the US markets from Paul Desmond, chief strategist and president of Lowry's Research. In a follow up from yesterdays article on the duration of Bull Markets, Barry Ritholtz spoke with Paul about his work in identifying market tops. Rather than focus on the usual noise, Desmond suggests anyone concerned about a top should be watching for very specific warning signs. He notes the health of a bull market can be observed by watching internal indicators that provide insight into the overall appetite for equity accumulation. Four of these include These four include: New 52-Week Highs, Market Breadth (Advanced/Decline Line), Capitalization: Small Cap, Mid Cap, Large Cap, Percentage of Stocks at 20 percent or greater from their recent highs. Full article is here: (VIEW LINK)


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