Bull or Bear

Around ten days ago, I blogged that stocks were going into a pullback although I did not know the extent of it.  That may still be true, but I want to clarify that we are in a long-term bullish trend.  If a large pullback occurs, it should become a buying opportunity for quality stocks and ETFs.

Chris Ciovacco has written an excellent article here about this bullish situation.  He presented excellent charts to show that 2017 is nowhere near the bearish trend of 2008.  He used 100, 200, and 300 day lines to reveal whether we are in a long term bull or bear market.  By paying attention to information like this, we will not get whip-sawed by stock market volatility.