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Originally Posted by coolhand

We got another choppy day with a mixed close. Once again, small caps are leading the pack.




We got a fresh all-time closing high on the DWCPF, while the S&P was down and has been dancing sideways over the past days. Momentum is rising on the DWCPF and is hinting at falling on the S&P, but I am not anticipating a ton of downside on the S&P. Historically, when small caps are doing well it bodes well for

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The dollar rallied and that put some pressure on stocks on Wednesday, although the indices were fairly mixed. The Dow lost 8-points, the Transports and small caps were each down about a half of a percent, while the S&P 500 and Nasdaq both rallied. Bonds (F-fund) rallied off its support line, and the I-fund struggled with the dollar up on the day.

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Originally Posted by coolhand

The market was mixed today, trading up and down through the day.




No changes to the charts. Market character has not changed, so the trend obviously remains up.



Cumulative breadth dipped on the day, but remains bullish.

NAAIM reports tomorrow. I remain bullish.

Stocks were mostly higher on Tuesday after Monday's one day pullback, but there was a sharp dip in the middle of the day that was quickly bought. The Dow, which was both up and down triple digits at different times during the day, closed at +60-points. The S&P 500 was basically flat but small caps jumped again as they continue to lead on the upside. The I-fund was up as the dollar fell, and bonds were down slightly after a successful test of the November lows.

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Originally Posted by coolhand

The DWCPF hit a fresh all-time high today, tacking on about 1.5%. The S&P closed slightly above the neutral line.




While the S&P didn't follow the DWCPF higher today, it's still biased to the upside. Momentum is pointing up on both charts, but the DWCPF has been leading for some time now.



Cumulative breadth remains very bullish.

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