Well, you know this is a bull market!

I mentioned last week that I thought the S&P 500's trend remained intact and that the trend was clearly up.   I am now noticing that not only are American stocks strong, but international stocks are starting to look strong as well.

The chart below shows the EAFE index hitting a new high:


The ETF above, which measures stocks in industrialized countries outside North America, looks strong and the path of least resistance is up.  Regardless of any other factors, such as fundamentals, seasonality, Elliott Wave, sentiment, indicators etc... it's hard to argue with the price action: we are in a bull market.

Meanwhile, another ETF, which is comprised mostly of international stocks, is SDIV:

The ETF above has a constructive chart pattern, a bullish all time high, and a 7.77% dividend yield.