DJIA breakout shows how market rally continues to broaden out

Trend bullish - Despite stretched momentum, long positions remain correct; Pullbacks from near-term overbought levels next week likely prove minor before gains into late June.

SPX has now risen for six straight days, which has occurred less than 10 times in the last five years.  While our choppiness from March-May created an environment that makes many rush to sell into breakouts, this doesn’t seem like the correct thing to do...

Trend bullish - Despite stretched momentum, long positions remain correct; Pullbacks from near-term overbought levels next week likely prove minor before gains into late June.

SPX has now risen for six straight days, which has occurred less than 10 times in the last five years.  While our choppiness from March-May created an environment that makes many rush to sell into breakouts, this doesn’t seem like the correct thing to do...
checkout-thomas-lee image
checkout-logo image

Become a Member To Access Fundstrat Research

Fundstrat Direct gives individual investors access to Tom Lee's research, previously only available to banks and hedge funds.

Monthly
Annual
Macro
Evidence-based market intelligence from our team of renowned analysts.
$199/mo
Start 30-Day Free Trial
  • Near-daily macro strategy from Tom Lee & team
  • Real-time macro market alerts
  • Curated stock lists and sector allocation tools
  • Live webinars (macro)
Crypto
Clear-cut insights into the cryptocurrency market, grounded in Fundstrat's macro framework.
$99/mo
Start 30-Day Free Trial
  • Near-daily crypto strategy from Fundstrat team
  • Real-time crypto market alerts
  • Curated crypto picks and crypto equities lists
  • Live webinars (crypto)

Why Join Fundstrat Direct?

Fundstrat Direct helps you invest confidently with the same research banks and hedge funds use to navigate the market.

Daily Strategy Icon

Daily Strategy from Tom Lee & Team

Stay ahead of consensus with daily updates on key developments & catalysts and opportunities ahead.

Real-Time Market Alerts Icon

Real-Time Market Alerts

Analysis on market-moving events and actionable opportunities delivered instantly from us to you.

Curated Stock Lists Icon

Curated Stock Lists

Choose the portfolio that best suits your investment style, preferred asset class, and time horizon.

Monthly Market Update & Top Ideas Webinar Icon

Monthly Market Update & Top Ideas Webinar

Attend engaging webinars with Tom & team featuring our top ideas and near-term market outlook.

Daily Technical Strategy Icon

Daily Technical Strategy

Receive tactical opportunities, actionable signals, and fundamental analysis from our proven research team.

Live Analysis on Your Holdings Icon

Live Analysis on Your Holdings

A monthly webinar featuring live analysis on member-submitted stocks and questions.

Disclosures (show)

Events

Trending tickers in our research