As for the stock market specifically: Let’s start off unabashedly with a cheap metaphor. The bulls feasted on turkey not only last week, but for the month of November. The bears spent the month in hibernation.
The bullish percent indicators continued driving higher (or drive deeper into the red zone) last week. Each gained at least 3 percentage points, and the OTC Bullish Percent reached its red zone, too. We will continue with WEALTH ACCUMULATION strategies.
Remember, Xs mean OFFENSE or wealth accumulation, while Os mean DEFENSE, or wealth preservation.