Despite the weakness in the Dow especially, the recent decline has been quite mild. In fact, the Nasdaq is within striking distance of making a new 13-year high — I believe there is a story to be told with this fact. Healthy bull markets continue to make new highs. And making new highs continually is a sign of a bull market. A close above 3150 by the nearby Nasdaq futures contract would indicate another advancing phase.


What if?

September turns out to be bullish. Is that the trade that puts the most people off base?