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Powerful stock market rally still underpinned by huge number of advancing stocks

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There is still a potent bull market occurring. Both the S&P 500 and Nasdaq Composite are up eight straight sessions.

It's tempting to ignore the markets in the next two weeks, traditionally among the lightest trading days of the year. But there is still a powerful rally occurring.

's Robert Hum tells me both the S & P 500 and Nasdaq Composite are up eight straight sessions – the longest advances since November of last year for the S & P 500 and December for the Nasdaq. The S & P has risen 7% during the last eight trading days. That would be its strongest 8-day win streak since the nearly 12% rally in March 2003. Another positive factor: market breadth has been on a tear.

 

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