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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, ...

Originally Posted by coolhand

It was a negative day for the S&P 500 and a neutral day for the DWCPF. The action changed nothing.




Price remains quite elevated on both charts. Momentum is still pointed up.



Cumulative breadth fell a bit today, but remains bullish.

It may be uncomfortable holding stocks for some folks right now, given current events, but the

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We got the December jobs report before the opening bell on Friday and it came in much lighter than estimates, yet stocks opened higher, and closer higher, with a mid-day swoon in between. As we mentioned last week, it doesn't seem to matter if the news is good or bad, the bull are finding a reason to buy. The Dow ended the day with a gain of 57-points. Small caps were up slightly, and it was the S&P 500 and large tech in the Nasdaq that led on the upside.

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Originally Posted by coolhand

The market had another good week, last week. Especially the S fund.




I don't know how long these indexes can keep powering higher, but they remain bullish. Friday's action saw both indexes hit fresh all-time highs. There is no resistance above on either chart either. Momentum is rising on both charts and both are also overbought.



Cumulative breadth

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Economic Calendar


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