Signs of Health Are Stacking Up for Stocks

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Editor's note: Regular readers know that Marc Chaikin has remained "bullish" on stocks throughout this year...
And he still sees more upside ahead. Marc isn't alone, either. Over at our corporate affiliate Stansberry Research, our friend Brett Eversole has also seen plenty of strength in this market recently...
Today, we're sharing an essay from Brett with the details. It published in his free DailyWealth e-letter last Thursday. And in it, he explains why things have been "working" recently in the market...

Signs of Health Are Stacking Up for Stocks

By Brett Eversole, editor, Stansberry Research

Last month, a huge cloud of market uncertainty lifted for investors. Donald Trump won the presidential election for a second term. And just about everything rallied on the news.
The major stock indexes were all up 2.5%-plus the day after the election. The mid-cap benchmark – the S&P 400 Index – rose 4.1%. And small-cap stocks soared 6.1%.
Everyone will have a different explanation for why stocks roared higher. Some will say it was because Trump won. Others will say it was simply the removal of election-related uncertainty.
Either way, we know one thing... If you were worried about the health of this bull market, you don't need to worry anymore.

Today, Marc's System Tells Him to Adjust His Forecast in a MAJOR Way

Marc Chaikin's Power Gauge flagged 44 of the top 50 stocks of 2024 in advance of their gains. He's stepping forward with a must-see market prediction for 2025... driven by a rare (staggering 93% historical accuracy) signal he has never shared before. Get the full story (and two free stock recommendations) here.

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There are good bull markets and bad bull markets. In the bad ones, only a few stocks drive the market higher. And that eventually becomes a house of cards waiting to tumble.
In the good ones, everything rallies. There's strength across the board. And like it or not, that's exactly what we have right now.
Consider that during the postelection rally...
• Every major U.S. index hit an all-time high.
• The S&P 500 Equal Weight Index hit an all-time high.
• Mid-cap stocks hit an all-time high.
• Small-cap stocks hit an all-time high.
• Financial, transportation, and industrial stocks all hit all-time highs together, too... a sign of a strong economy.
For practical purposes, every important area of the market has been soaring.
If you still think the Magnificent Seven is the only group of stocks driving the market higher, you're dead wrong. This is as broad and healthy a period as we've seen since the bull market took off two years ago.
To see it another way, we can look at the advance/decline line of the New York Stock Exchange. This cumulative series takes the number of daily winners minus the number of daily losers, then adds the number to the previous day's total.
Basically, it's a way to see how many more stocks are rising than falling. When the advance/decline line is rising, most stocks are going up.
Importantly, we want to see this series hit new highs alongside the overall market. And that's exactly what has been happening. Take a look at the recent movement...

The advance/decline line isn't flashing a warning sign today. It's giving the boom a green light. This is as healthy a bull market as we could hope for.
That doesn't mean we will never see any surprises from here... That's always possible. It's also possible that the rally is starting to get ahead of itself. But that doesn't mean the good times are over.
The best time to make money is when things are working... when there's a broad and healthy rally in place. And that's exactly what we have right now.
You want to stay bullish until that changes.
Good investing,
Brett Eversole

Editor's note: Again, Marc is still optimistic about stocks. And as we approach 2025, he has a critical update for the months ahead...
In short, Marc recently observed an important signal. And it tells him with 93% historical accuracy, based on 70 years of data, exactly what to expect from stocks over the next six months.
During a special event earlier this week, he shared all the details. But if you missed it, you're in luck... You can watch a replay of it right here.

Market View

		# Hld: Bullish Neutral Bearish
Major Indexes and Notable Sectors

Dow 30

-2.61%

S&P 500

-2.99%

266

168

Nasdaq

-3.63%

Small Caps

-4.42%

396

1010

500

Bonds

-1.22%

— According to the Chaikin Power Bar, Large Cap stocks are more Bearish than Small Cap stocks. Major indexes are mixed.

* * * *

Sector Tracker

Sector movement over the last 5 days

Staples

-2.15%

Information Technology

-2.94%

Discretionary

-3.33%

Health Care

-3.39%

Utilities

-3.53%

Communication

-4.19%

Financial

-4.32%

Industrials

-4.51%

Real Estate

-5.3%

Materials

-5.72%

Energy

-6.87%

* * * *

Industry Focus

Oil & Gas Exploration & Production Services

Over the past 6 months, the Oil & Gas Exploration & Production subsector (XOP) has underperformed the S&P 500 by -17.95%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #20 of 21 subsectors and has moved down 5 slots over the past week.

Indicative Stocks

	CVX	Chevron Corporation
	CRC	California Resources
	CVI	CVR Energy, Inc.

* * * *

Top Movers

Gainers
	JBL	+7.26%
	CI	+6.33%
	UNH	+2.92%
	CNC	+2.91%
	CVS	+2.82%

Losers
	PAYC	-10.08%
	TSLA	-8.28%
	BXP	-7.63%
	TPL	-7.41%
	CRWD	-7.24%

* * * *

Earnings Report

Rating	Before Open	After Close
Reporting Today

	ACN, CTAS, DRI, FDS, KMX, LW
	CAG, PAYX	FDX, NKE

Earnings Surprises

GIS General Mills, Inc.	Q2	$1.40	Beat by $0.18
JBL Jabil Inc.	Q1	$2.00	Beat by $0.12
LEN Lennar Corporation	Q4	$4.03	Missed by $-0.09
MU Micron Technology, Inc.	Q1	$1.79	Beat by $0.02

* * * *

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This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.

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Signs of Health Are Stacking Up for Stocks

Signs of Health Are Stacking Up for Stocks

Today, Marc's System Tells Him to Adjust His Forecast in a MAJOR Way

The Bitcoin Supercycle Is HERE: Buy These Six Cryptos Immediately

Market View

Sector Tracker

Industry Focus

Top Movers

Earnings Report

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