Overbought and Expensive Markets CAN Keep Rallying.....Will This One?

As usual, we spend time on several different issues this weekend. Some are on the bullish side of the ledger…while others are on the bearish side. (This weekend, some of the comments are very contradictory.)…..We just like to reiterate every once in a while, that one of our goals is to present issues from both sides of that ledger …while still letting you know which side of it was stand at any given time. The other two goals are to be correct with our conclusions…but to also help you think about the markets in a way that you would normally not think of them……Thank you.

Table of Contents

1) There are some good reasons to think this rally can continue quite nicely in the second half.

2) Despite our cautious stance, we have made quite a few (very) good calls so far this year.

3) If investors are honest with themselves, they’ll admit that there are a lot of reasons to be concerned.

4) Let’s look at the earnings picture in an honest way…with the season about to begin.

5) The S&P 500 & NDX 100 are both testing key long-term resistance levels.

6) The chip stocks act great, but they’re getting extended. Can they keep on rallying?

7) Keep a very close eye on the US 10-year yield if it keeps on climbing.

8) Bullish Bitcoin breakout!….Watch Ethereum as well!

9) Quick update on the bank stocks.

10) Summary of our current stance.