[isatrader]

All  valid points you make. Yes, I have been focussing on the up move in the NASAQ and S+P watching many stocks make very large moves higher; however,  if we do get over the 30 MA on S+P and DOW then maybe that will be the signal that this is indeed a new bull market starting with much higher highs to come and that this was not just a strong bear market bounce.

That may be the case, but a V recovery straight to new highs (in the overall market) is still very low odds imo (except the Nasdaq 100), as the high volatility we have, will likely continue throughout the year, which could mean multiple sharp declines still as a Stage 1 base forms, which will give many opportunities to get into strong leading stocks already in early Stage 2.

Attached is the year to date performance of the major indexes.