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Originally Posted by coolhand

The string of gains was broken to day, but not by much. Trading was up and down, often around the neutral line.




It isn't much of a pullback, which makes me think we may have more weakness in the short term. Momentum is starting to weaken a bit; especially on the S&P. Nothing dramatic, certainly, but the market may be topping for the moment. The problem is, the bottom may not be far off either (should

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Stocks were mixed on Tuesday with many stocks taking a day to rest after the recent winning streak. The Nasdaq and the small caps continued their leadership and winning ways with the Russell 2000 and S-fund still not posting a negative day in February. The Dow slipped 10-points, the dollar broke below support, and bonds were down slightly.

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Originally Posted by coolhand

The market started out the trading session on the weak side today, but the bulls fought back to bring price near to or over the neutral line over the course of the day.




The DWCPF notched its 7th straight winning session, while the S&P saw its string of 6 wins broken, but not by all that much. The action was not particularly notable in my opinion. Some selling was due, but we see how liquidity appeared

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Stocks started the 2nd week of February pretty much the way it started its first week, and the short-squeeze pullback in late January is now a distant memory. The Dow gained 238-points and - wash, rinse, repeat - the small caps and the Nasdaq led on the upside. The dollar was down slightly, holding onto support, and bonds were up.

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Originally Posted by coolhand

The bulls picked up where they left off last week with more impressive gains to start a new week.




Does anyone remember that bump in the road a little over a week ago? Just what was that all about really? Now, we have 6 up days in a row on the charts with fresh all-time highs each of the past 3 days. The DWCPF is back in overbought territory again. Momentum continues to rise and volume is only average.

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