SPX Dip-Buying Momentum Validation
Reflexive dip-buying is validating the market's upward momentum.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"With GIFT Nifty indicating a positive opening and mixed global cues, today's session may see selective buying interest."
"David Morrison stated: 'Investors can't see an end in sight to this bull run. Whenever there's a bit of a sell-off, we seem to be in a situation where you get a fresh impetus to buy.'"
"Investors can't see an end in sight to this bull run, adding that any selloff seems to bring in a fresh impetus to buy."
"US equity indexes eked out small gains on Thursday, managing to finish the week higher as dip-buyers emerged following President Donald Trump's hardline speech on Iran."
"buyers returned as robust earnings momentum and encouraging private economic data pushed stocks higher."
""Dip buyers keep being rewarded in this market," said Matthew Tuttle from Tuttle Capital Management."
"A broad pullback in equity prices due to election uncertainty... should be bought."
"“Consistent buying pressure of this magnitude is not only rare but a bullish sign for improving investor sentiment and market momentum,” said Adam Turnquist, chief technical strategist for LPL Financial, in a note to investors."
"Fundstrat's Tom Lee...said investors should be thinking about this latest sell-off as a dip-buying opportunity."
"This is creating a positive feedback loop, in the sense that capital invested on dips will recover losses quickly."