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Originally Posted by coolhand

The market took a bit of a breather today.




Price didn't move all that much on either chart. Momentum remains rather neutral, but price remains near the top of the peak.



Cumulative breadth dipped, but remains bullish. In fact, it has been bullish since early November.

The big news is that NAAIM got even more bullish. These money

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Stocks rallied again yesterday with the Dow rallying 260-points and the Nasdaq leading the way with a gain of nearly 2%. Small caps lagged a bit but still had another solid day. Bonds were flat, as was the dollar. The bulls are loving it but the question I keep asking is how many times can the market rally on the stimulus? It doesn't seem like a real market, but it continues to work.

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Originally Posted by coolhand

And just like that both charts are sporting fresh closing all-time highs.




Yes, the charts certainly remain bullish. The bull is still kicking pretty hard. Momentum is hinting at turning back up (it was rather neutral).



Cumulative breadth has also hit another all-time high and remains bullish.

Has anything changed? Not so you'd

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Modest gains for the Dow, and solid gains elsewhere on Tuesday after last week's pre-holiday selling. The Dow added 116-points and once again it was the small caps and particularly the Nasdaq taking the lead on the upside. After the bell we got the first FAANG stock to report earnings and the stock was flying. Bonds rallied and the dollar dipped again.
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Originally Posted by coolhand

The new trading week started off positive, reversing the weakness we saw at the end of last week.




Both charts remain in good shape overall. Momentum has stalled, but price remains not far from the top on both charts.



Cumulative breadth ticked higher and that keeps the chart in a bullish configuration.

So far, there is no hint

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