SPY bull market remains intact near all-time highs with improving valuations, despite weak breadth outside of today's session.

We'll start with the S&P. The S&P is near its all-time high, signaling a move to new highs today. Remember, when investing, let's say in the S&P or something else, it doesn't matter what you think.

What everyone else thinks is important. Everyone else is seeing fundamental strength, a slight decline towards the 50-day moving average. I'm not saying you use it , but many people do.

An indicator that is above the 200-day moving average, a 50-day moving average that is above the 200-day. A price fluctuation that went down slightly before turning around. Interest rates are falling, etc. or I hope interest rates will fall, etc. A market that is about to reach new heights after a strong year in double digits so far.

By the end of the month, 70% of S&P stocks will have released their reports , before the end of October. Based on the opinion of analysts across Wall Street, they expect quarterly growth to be 27%. And this applies to the S &P 500.

Good news, I'm heading to the S&P now. The good news is that the bull market is still intact. S &P, what did we talk about today? That's about half a percent away from its maximum limit, right ?

It is trying to return to its previous place. And it is trading above the 50- day and 200- day moving averages. The AI bull market rally is still intact. Our income report is coming.

We are expecting double- digit income. Of course, that could change , right? We don't know. That's all everyone expects. So, if you look it up yourself, you'll see the same thing.

We expect double-digit revenue growth there, double- digit potential margins on average stocks, and much higher bit rates. I remember, Goldman Sachs, JP Morgan, all the guests on CNBC were saying, "We expect most stocks to do well."

Okay, no problem with that. If you look at S&P overall, valuations are improving.

However, historically, looking at S&P 500 data since its inception in 1929, the fourth quarter is usually the strongest quarter. Isn't that right ? This is not my choice or opinion, but rather the result is always like this.

How many S&P stocks are participating in this rally that we have seen? Today was a good day. I agree with that, but you ca n't judge the entire season by one day's performance, right ?

So, okay. The S&P is now near its all-time high and many S&P stocks are still considered ' oversold'. We will discuss some of them shortly. So, except for today, participation was a bit weak.

I admit that. There was good participation here today.