A number of the market’s enduring longer-term thematic leaders are exhibiting improving relative strength and that is an important feature as the market continues to base build. 

Just a few months ago there was a heightened urgency to sell. In late April the bear sentiment readings were at their highest point since the financial crisis of 2007-2008. 

One of the most often asked questions I get recently is whether or not this is a good time to be entering the stock market. 

Recent market action is making believers out of some skeptics. We’re hearing more chatter that there is the conviction now that the June lows may be the lows for some time to come. 

Historically the outlooks for earnings and interest rates have really defined the course for the stock market — at least its basic course. 

Several weeks ago I observed how the Nasdaq’s basing formation appeared considerably more robust than that of the other major indices. Since that time we’ve seen growth leading the rebound… 

The market’s bottoming characteristics have shifted from a glass-half-empty to a glass-half-full scenario, meaning the underlying technical tone of the market has been improving… 

Earlier this year I was scrambling to downwardly revise the target levels for the major market indices…