Another week for the equity bulls

It was the third consecutive weekly gain for the US equity markets, and the sp'1800s now look very viable in November. If the market likes what it hears from the FOMC next week, there is literally zero reason why the market won't rally for at least another 2-3 weeks, if not considerably longer.


sp'weekly4 - hyper bullish outlook

Summary

Another week for the equity bulls, and the hyper-bullish outlook remains on track. Considering a likely 'Santa rally' and 'green shoots of spring', along with the continuing Fed QE, I think there is a very high probability we'll just battle broadly higher for another six months.


Whilst QE continues...we're headed upward

sp'monthly8 - QE phases

I realise some of the remaining bears are still in denial that QE causes direct or indirect upward pressure on the US equity market, but hell...the above chart is pretty clear.

The only two significant market declines since the March 2009 low have been during the brief periods when the Fed has not been throwing tens of billions at the market each month. How hard is that to finally accept?

Goodnight from London
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*next main post, late Saturday, on the US weekly indexes