It is hard to see through the narrative propaganda persuading us to believe the economy is great, but if we focus just on economically sensitive stocks we can form an understanding of what id really happening.

The cyclical stocks all appear to be breaking out or close to it. Many transports, industrials, and banks are starting to break out while the utilities and REITs see their long advances start to level off.

This leads me to form a bullish bias as of right now- no matter what is happening with trade wars, repo rates, QE, or elections. It is much easier to just look at major price signals. I see a bullish signal starting to develop with these break outs…