Friday was a monster day for the bulls. They’re back.
Momentum is bullish and broad, and the tape is proving that buyers are firmly in control.
One lesson I’ve learned over the years is to never fight Papa Dow. Seriously. Save yourself the trouble.
The Dow Jones Industrial Average $DJI just scored its first all-time high of 2025.
After months of going nowhere, it finally punches through with a breakout.
The S&P and the Nasdaq 100 already went. Now, it’s the Dow’s turn.
The last of the index generals is joining the charge.
And frankly, this is what a bull market should look like. They’re all working.
Even the Equal-Weight S&P 500 $RSP is breaking out to its highest level ever.
This index eliminates the largest components from dominating the equation and treats each stock equally.
This chart tells a story of breadth expansion, not deterioration.
And when you move down the cap scale, even the smaller names are breaking out.
The Micro-Cap ETF $IWC just cleared a key polarity zone, marking its highest level in over three years.
These are the riskiest stocks in the market, and the fact they’re ripping higher is a clear sign of risk-seeking behavior.
From large caps to micro caps, market internals are broadening.
That’s exactly what you want to see to support a healthy bull.
I’ve been setting myself up to take advantage of it. I just picked up some call options in Rush Street Interactive $RSI — a leading online casino and sports betting operator.
The whole Sports Betting industry looks loaded with upside.
