This "Hated" Bull Market Just Logged 101 Straight Days of Internal Strength 💪

Today's number is... 101

The NYSE + NASDAQ Net New High Advance-Decline Line has been rising for the past 101 consecutive days

Here’s the chart:

Let's break down what the chart shows:

• The top panel shows the S&P 500 index in black.
• The middle panel plots the 10-day average of the NYSE + NASDAQ Net New High Advance-Decline Line in green.
• Gray bars highlight periods where the slope of that line is rising.
• The bottom panel displays a count of consecutive rising days using blue lines.

The Takeaway: Breadth momentum has now risen for 101 straight sessions.

That is the sixth-longest streak over the past decade. Only five runs have lasted longer, including the 180-day stretch in 2021.

Streaks like this do not show up in weak or narrow markets. They require steady participation across thousands of names.

Right now, that participation is intact.

This is not euphoric.

It is controlled strength.

New highs have outpaced new lows across both exchanges for more than four months. That is a quiet, structural tailwind for trend continuation.

This isn’t a one-off signal. It’s a runway of persistent strength.

So, does this disbelief in this bull market keep fueling it, or is the tank finally close to empty?

Let me know! 

Grant Hawkridge | Chief Aussie Operator, All Star Charts

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