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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, ...

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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