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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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For the second Monday in a row, stocks lost ground. The losses varied quite a bit with the Dow down a modest 0.29%, small caps were flat, but the Nasdaq lost over 1.2%. Last week, after the Monday sell-off, stocks bounce back during the rest of the week, so this week starts with a similar challenge. The dollar was up again, and that is putting some pressure on stocks and prices in general. Did you see bitcoin yesterday? It went from a high near $43,000 over the weekend, to a low near $31,000, ...