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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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Last week ended with some selling in most of the major indices in what may have been a pre-holiday reversal. On Friday the Dow lost 177-points, and we saw losses in the S&P 500, Nasdaq, the Transports, and the small caps, but for the week it was mixed as the small caps held onto a moderate gain while most of the other stock market indices were down. Bonds were up on Friday, and for the week.

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