The equities market keeps grinding higher. No, we’re not stuck in a trading range.  Sure, if you shorten the time down enough, it looks that way.  But, check out the SPY weekly.  It’s very much in an uptrend.

SPY Weekly

The only thing that bothers me on that chart is the slight MACD divergence.  If we took that away, the candles look good.

Over the last week, I’ve added the following stocks in various portfolios – all ended up higher today.  We’ll see if it continues through the end of the week.  I wouldn’t say I’m overly confident, but the trend is your friend.

latest portfolio adds had a good day, but my market confidence is neutral. minimizing beta, for now. pic.twitter.com/9MkU3OwGwW

— Ryan (@ryanmathews) May 23, 2017