We're seeing stocks go up.

In bull markets, that actually happens quite often.

We just saw new all-time highs in the Dow Jones Industrial Average, S&P500 (market-cap weighted), S&P500 (equally-weighted), NYSE Composite Index, NYSE Advance-Decline and so much more. Check that out here.

But it's not just a U.S. thing. Look at all the other countries around the world.

This table below shows all the ACWI markets and where their prices are relative to various moving averages - ranging from short-term (10-day) up to long-term (200-day).

Notice how all the developed markets are above all of their moving averages, no matter how short-term or long-term they are:

I find myself saying this a lot these days....

But again, Mathematically, you cannot have a bear market, or a correction of any kind, without the prices of stocks falling.

And so if we know that, then shouldn't we monitor how many stocks are actually falling in price?

This is just common sense isn't it?

Well, where are the new lows?

They're non-existent...

This is the video recording of the August 2024 Mid-month Conference Call.

In order to have a bear market, or a correction of any kind, the prices of stocks need to fall.

That's just math.

But you know what hasn't happened? We really haven't seen the new lows list blowing up at all.

You would think that Monday would have seen a lot of new 52-week lows, considering the VIX practically tripled overnight, for the first time in the history of the stock market.

Is it bearish when the largest component in the Dow Jones Industrial Average breaks out of a multi-year base to new all-time highs?

To be clear, we're talking about the world's most important stock market index here. And UnitedHealth represents over 8.5% of the entire Papa Dow.

Look at this chart. While people are telling you that the market is in a bubble, things are parabolic and this is unsustainable, the largest weighting of the most important stock market gauge hasn't even done anything for years.

Until now...

Counting is a lost art.

Humans love their short cuts.

Rather than taking the time to actually go one by one counting each of the stocks that are going up, down, or sideways, humans would rather skip that altogether in favor of their favorite Index or some kind of statistic.

 You don't need any sophisticated math skills in order to count how well or poorly the stock market is doing.

It's actually incredibly simple. 

Humans just don't want to do it.

And that's the arb.

This is the video recording of our July 1st Monthly Charts Live Strategy Session

This is the video recording of the June 2024 Mid-month Conference Call.

The world's most important stock market index hasn't been able to make any progress at all since early February.

Look at the Dow Jones Industrial Average the past 4 months.

The returns are non-existent:

This is the video recording of the May 2024 Mid-month Conference Call.

This market is just NOT like it was in 2023.

It's much different.

I've said it right here hundreds of time already.

But today's chart of the day really shows this well, reiterating why it's so important to adapt to changing markets.

Here is the S&P500 with a line plotted below it. This line represents the percentage of stocks in the index that are in longer-term uptrends, but are NOT in short- to intermediate-term uptrends.

They keep telling you that interest rates are going down.

But interest rates keep going up.

The US 10-year Yield and US 30-year Yields are hitting the highest levels since Mid-November.

In the near-term rate markets, US 1-year and 2-year yields have been up and to the right all year, also hitting the highest levels since November.

Meanwhile, your boy Joe Biden is literally out there telling people that rates are going down.

He said it again yesterday.

This Biden guy is either lying to you. Or he hasn't even bothered to look.

And regardless of which side of the aisle you sit on, neither one of these answers is acceptable.

Why is the President of the United States lying to you about falling interest rates?