Stocks are still in a bull market and a dismal February didn't doom investors, Ned Davis Research says

• February was a healthy pullback in stocks, and the bull market will continue, Ned Davis Research said.
• The research firm pointed to several indicators that suggest bullish spirits in the market are warranted.
• "Down Februarys after big up Januarys have been the exception, but they have not usually spelled doom for the rest of the year," strategists added.

Stocks are still in a bull market, and a dismal performance in February hasn't changed that, according to Ned Davis Research.

"Down Februarys after big up Januarys have been the exception, but they have not usually spelled doom for the rest of the year," the research firm's strategists said in a note on Thursday, pointing to several indicators that suggest stocks are in bull mode.