Stocks flash rare bull-market signal for first time in nearly 3 years. But some have their doubts.

A technical signal that has portended previous turning points for the U.S. stock market arrived for the first time in nearly three years, according to data supplied by its creator.The technical indicator, which is known simply as the breadth-thrust indicator,... A technical signal that has portended previous turning points for the U.S. stock market arrived for the first time in nearly three years, according to data supplied by its creator.

When said ratio climbs above 1.97, the indicator is triggered, Deemer said. This has happened only infrequently in the years since its creation, and often it has arrived just as a new bull market was beginning. ‘Trust the thrust’? Some equity analysts believe the breadth-thrust indicator and other early-stage indicators of improving market breadth have become less helpful in recent years, partly because many of them have been triggered more frequently.

“But because these thrust indicators are becoming more frequent, we now say ‘trust but verify.’ And the verification comes from intermediate-term breadth indicators.”

Bull market for emerging markets ? Or

LOL real bull market today…

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