SPY Joins New 52-week High List

There's nothing particularly special about 52-weeks. It basically represents a year or so of trading.

The bigger theme here is that more and more stocks keep going up.

In bear markets, you tend to see the exact opposite of that. (Don't take my word for it. Go check for yourself)

When I talk about 52-weeks, it's really just at the level where the S&P500 ETF closed today.

But it's already been making new 21-day and 63-day highs, representing about a month's time and a quarter, respectively.

But again, there's nothing particularly special about 1-month or 3-month either.

It's more about the fact that more and more stocks, sectors and countries around the world keep joining these lists.

Expect to hear how since the S&P500 is up over 20% from its lows last year, that the bear market is officially over.

I must say, you need to be some kind of serial killer to think that a 19% rally off the lows is NOT a bull market, but 20.1% is.

Who in their right mind thinks that way?

Don't do it.

It's pure insanity.

The new 52-week lows list peaked last June. It's almost been an entire year already since markets have been improving.

Don't worry about that 20% nonsense.

Worry about yourself. Because no one else will.

Trends persist.

And they're persisting.