We are stuck in a never ending positive money flow that is due to low interest rates combined to an expanding Fed balance sheet.
In such an environment, it is not wise to be short.
Below are the usual charts that all display bullish sentiments.
The two sections of the S&P500 still look strong (even if there is a small rotation from the large to the small section)
The NQ8 looks slightly weaker than ARKK, but really nothing to worry about here.
The Futures still look very strong here.
The overnight reverse repo operations continue at a strong pace.
Finally, the small caps continue outperforming, which is a sign of increased risk taking.
Conclusions:
Stay long.
At some point we will eventually pullback, but nothing in the charts points to a coming pullback.
