Saturday, February 17 2017
John Bollinger Commentary From February 2017 Newsletter
Our current outlook for US stocks is quite positive. We expect higher prices over the intermediate term. Market internals are strong, participation is wide and growth is attracting interest.
New 52-week highs remain strong and new lows are non-existent. Opinion in the media is often negative, suggesting that our bullish opinion is nowhere near being universally accepted. A scan of the websites like CNBC, MarketWatch, and Yahoo! Finance confirms this.
We understand that valuations are high, but this does not appear to be a negative factor yet. Another potential negative, increasing interest rates, does not seem to be able to gain any traction.