The Shocking Truth Behind This Bull Market Rally.

What’s behind the recent stock market rally? Just take the look at the charts below as they speak for themselves. In short, you can summarize April -June rally with 3 simple points.

Massive short squeeze/covering on low volume.
No fear, huge amount of speculation/greed, overvaluation and no bears left.
Divergences and breadth. Even though the indices are up, only 17% of the Russell 3000 are up since March 4th. The rest are down.

In other words, you are witnessing a blow off top.