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Originally Posted by coolhand

Still no lift-off in stocks, but the S&P did hit a fresh all-time, intraday high. It's sitting at or very near its all-time at the close. Resistance seems a bit stubborn, but the smart money is largely long, so it would seem just a matter of time before stocks begin another up-leg.




Nothing remarkable about today's trading activity. Both charts are struggling with resistance right now. Can the DWCPF push

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Stocks were down on Wednesday but it was another yawner as there wasn't much action. The Dow lost 153-points and the small caps finally had a bad day, but perhaps the key moves yesterday were in bond yields continuing to slide, the dollar rallying, and the Transports selling off more than 1%. The latter was mainly because of UPS falling but the Transports are often considered the heartbeat of the economy. OK, I made that up, but they are a good indicators for economic ...

Stocks were mostly higher on Tuesday although the Dow lagged and slipped 30-points. Other than that we saw slight to strong gains in most indices with the small caps leading the way on the upside again. The S&P 500 is a whisper away from a new high so we're either on a double top alert, or of course we could see a breakout. Bonds and the dollar were up, and oil closed above 70 for the first time since 2018.

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Originally Posted by coolhand

The S&P continued to tease the bulls with a potential upside break, but price remains very near the peak.




We can see price fell back today on the S&P, but fought back to resistance at the peak. Seems it may be coiling a bit for a move higher? Price on the DWCPF advanced again today and is now approaching the April high (resistance).



Cumulative

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Stocks were mixed on Monday but most indices did close well of their lows as the dip buyers stayed close at hand. The small caps and led with the implications of a minimum global corporate tax now a possibility for larger companies. The Dow lost 126-points, the S&P 500 was down slightly, while the S-fund and I funds picked up solid gains. Bonds and the dollar were down on the day.

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