The stock market has turned decidedly “less bearish” in the last couple of weeks.
Bullish switches this week
SMA Slope - technically, could be a whipsaw in the nxt few weeks, but it is bullish even with a small hysteresis band.
bullish 10/50 Cross on the S&P (happened Friday)
PAMA 50 Naz/S&P (got up to Neutral on the Naz, bullish on S&P)
PAMA 5d off 21d high
For what it’s worth my overall “Christmas tree” board is now up to 1 (Neutral-Optimistic) from -7 2 weeks ago, where it had been effectively since Jan 14th.