OK, I literally tried to think of the most bearish headline possible. To be clear, I’m actually still bullish on the long-term structure of this market. I’ve learned that when my Market Trend Model is bullish on the long-term and medium-term time frames, the primary trend is still positive. And that’s not a judgment call; that’s a fact based on the trend as defined by the weekly moving averages. But just before the holidays, I found myself less and less able to ignore the extremely euphoric breadth readings, which tend to coincide with meaningful market tops. Not necessarily “the world is endi…
