We have had a strong rally.These strong rallies can also be a retracement in a bear market. Hard to tell until time has passed. The fact however is that the indexes have taken out the 200 day moving averages. If they can hold these moving averages this is very constructive and gives proof to this rally.
The issues however are that the rally has been on weak volume. You want to see conviction. You want to see institutions participating. Some exposure is warranted depending on your risk profile and your own judgement….however there are not many high growth quality stocks breaking out.
