Ari Wald: Bull Market Looking Healthy; Keep an Eye on the Dollar

Jon Banking, Market Commentary

Healthy Bull Market
Oppenheimer technician Ari Wald, named 2016’s Technician of the Year, believes the bull market in US stocks is likely to continue into 2017 and cites cyclical leadership, healthy breadth, narrowing credit spreads, and an overall improvement in technical measures that help to gauge underlying market strength.
Given the above, we should view this as a ‘healthy bull market and continuation (of the upward) trend,’ Ari said recently on our podcast.
Intermarket Relationships
Ward delineates that both level and direction of interest rates are important considerations for the stock market, with ‘low and rising rates’ indicative of market growth and being ‘good for stocks.’

This post was published at FinancialSense on 12/15/2016.