Bear Market Rally Or Something Else?

The stock market ended the week higher for its best week in over a year. But the question is, is this just a bear market rally, or have we seen the bottom and its blue skies ahead?

The DOW rose 274.17 points or +0.80% to close at 34,754.93, its fifth day of gains to close out the week. The S&P 500 gained +1.17% to reach 4,463.12, and the NASDAQ added 2.05% to end the day at 13,893.84. Both indexes surged for a fourth consecutive day.

On a weekly level, the S&P 500 notched a +6.16% gain, the DOW posted a weekly gain of +5.50%, and the NASDAQ outperformed with a monster gain of +8.18%. These gains helped the indexes post their best week since November of 2020.

If you're not familiar, a Bear Market Rally refers to a sharp, short-term price increase in a stock or market amid a longer-term bear market period. Unfortunately, investors can sometimes misinterpret bear market rallies as markers of the end of a bear market, so they must be treated with caution.

Key Levels To Watch Next Week:

Every Success,
Jeremy Lutz and

One thought on “Bear Market Rally Or Something Else?

  1. Definitely a bear market rally. I see 15,000 - 15,150 at most as a upper side target for the NASDAQ. Be prepared for a black swan event before the end of the month to reverse the direction.

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