{"id":4408,"date":"2016-07-25T15:44:27","date_gmt":"2016-07-25T15:44:27","guid":{"rendered":"http:\/\/www.thet3trader.com\/?p=4408"},"modified":"2016-07-25T15:44:27","modified_gmt":"2016-07-25T15:44:27","slug":"state-of-the-markets-this-bull-is-strong","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/","title":{"rendered":"State of the Markets: This Bull Is Strong"},"content":{"rendered":"<p>I mentioned last week that we are still stuck in high-level range and to me, that means we stick with a bullish bias until that lower part of the range breaks.<\/p>\n<p>Pulling back the zoom a little bit, let\u2019s check the markets on a larger time frame and via sectors.<\/p>\n<p>The <strong>S&P 500<\/strong> (via SPY) is hovering above the old breakout zone and is well above the intermediate trend line.\u00a0 Still a bullish bias in my view.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-4411\" src=\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/07\/07252016-SPY.png\" alt=\"07252016 SPY\" width=\"700\" height=\"530\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-SPY.png 700w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-SPY-300x227.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/> \u00a0<strong>Banks<\/strong> (KBE)- broke their uptrend and have been going sideways to down since.\u00a0 This is the most concerning thing that I have seen.\u00a0 I prefer them to lead, so this divergence could be a harbinger of things to come, but nothing yet.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-4410\" src=\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/07\/07252016-KBE.png\" alt=\"07252016 KBE\" width=\"700\" height=\"530\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-KBE.png 700w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-KBE-300x227.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><strong>Retail<\/strong> (XRT) \u2013 broke its recent down trend, then checked back into it from above.\u00a0 A good sign and a clear positive trend change.\u00a0 Bullish here.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-4412\" src=\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/07\/07252016-XRT.png\" alt=\"07252016 XRT\" width=\"700\" height=\"530\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-XRT.png 700w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-XRT-300x227.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><strong>Transports<\/strong>\u00a0(XTN) \u2013 They were stuck in a downward channel, but broke through to the upside and have consolidated there for a while.\u00a0 Bullish again.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4413\" src=\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/07\/07252016-XTN.png\" alt=\"07252016 XTN\" width=\"700\" height=\"530\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-XTN.png 700w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-XTN-300x227.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>The bull still seems strong here, and I don\u2019t see the need to play for the downside until we break the lower end of this range.<\/p>\n<p>&nbsp;<\/p>\n<p>BP<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I mentioned last week that we are still stuck in high-level range and to me, that means we stick with a bullish bias until that lower part of the range breaks. Pulling back the zoom a little bit, let\u2019s check the markets on a larger time frame and via sectors. The S&#038;P 500 (via SPY) is hovering above the old breakout zone and is well above the intermediate trend line.\u00a0 Still a bullish bias in my view. \u00a0Banks (KBE)- broke their uptrend and have been going sideways to down since.\u00a0 This is the most concerning thing that I have seen.\u00a0 I prefer them to lead, so this divergence could be a harbinger of things to come, but nothing yet. Retail (XRT) \u2013 broke its recent down trend, then checked back into it from above.\u00a0 A good sign and a clear positive trend change.\u00a0 Bullish here. Transports\u00a0(XTN) \u2013 They were stuck in a downward channel, but broke through to the upside and have consolidated there for a while.\u00a0 Bullish again. The bull still seems strong here, and I don\u2019t see the need to play for the downside until we break the lower end of this range. &nbsp; BP<\/p>\n","protected":false},"author":9,"featured_media":4412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[61,62,8,50,63,64],"class_list":["post-4408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-uncategorized","tag-kbe","tag-spy","tag-stocks","tag-technical-analysis","tag-xrt","tag-xtn"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State of the Markets: This Bull Is Strong - T3 Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State of the Markets: This Bull Is Strong - T3 Live\" \/>\n<meta property=\"og:description\" content=\"I mentioned last week that we are still stuck in high-level range and to me, that means we stick with a bullish bias until that lower part of the range breaks. Pulling back the zoom a little bit, let\u2019s check the markets on a larger time frame and via sectors. The S&amp;P 500 (via SPY) is hovering above the old breakout zone and is well above the intermediate trend line.\u00a0 Still a bullish bias in my view. \u00a0Banks (KBE)- broke their uptrend and have been going sideways to down since.\u00a0 This is the most concerning thing that I have seen.\u00a0 I prefer them to lead, so this divergence could be a harbinger of things to come, but nothing yet. Retail (XRT) \u2013 broke its recent down trend, then checked back into it from above.\u00a0 A good sign and a clear positive trend change.\u00a0 Bullish here. Transports\u00a0(XTN) \u2013 They were stuck in a downward channel, but broke through to the upside and have consolidated there for a while.\u00a0 Bullish again. The bull still seems strong here, and I don\u2019t see the need to play for the downside until we break the lower end of this range. &nbsp; BP\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/\" \/>\n<meta property=\"og:site_name\" content=\"T3 Live\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-25T15:44:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-XRT.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"530\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Brand Perry\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brand Perry\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/\"},\"author\":{\"name\":\"Brand Perry\",\"@id\":\"https:\/\/blog.t3live.com\/#\/schema\/person\/10a9b427d3224fbd889ea2774ee56f3b\"},\"headline\":\"State of the Markets: This Bull Is Strong\",\"datePublished\":\"2016-07-25T15:44:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/\"},\"wordCount\":208,\"publisher\":{\"@id\":\"https:\/\/blog.t3live.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2016\/07\/07252016-XRT.png\",\"keywords\":[\"kbe\",\"spy\",\"stocks\",\"technical analysis\",\"xrt\",\"xtn\"],\"articleSection\":[\"Articles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/\",\"url\":\"https:\/\/blog.t3live.com\/2016\/07\/25\/state-of-the-markets-this-bull-is-strong\/\",\"name\":\"State of the Markets: This Bull Is Strong - 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Pulling back the zoom a little bit, let\u2019s check the markets on a larger time frame and via sectors. The S&P 500 (via SPY) is hovering above the old breakout zone and is well above the intermediate trend line.\u00a0 Still a bullish bias in my view. \u00a0Banks (KBE)- broke their uptrend and have been going sideways to down since.\u00a0 This is the most concerning thing that I have seen.\u00a0 I prefer them to lead, so this divergence could be a harbinger of things to come, but nothing yet. Retail (XRT) \u2013 broke its recent down trend, then checked back into it from above.\u00a0 A good sign and a clear positive trend change.\u00a0 Bullish here. Transports\u00a0(XTN) \u2013 They were stuck in a downward channel, but broke through to the upside and have consolidated there for a while.\u00a0 Bullish again. 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