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Originally Posted by coolhand

The market closed mixed on the week last week, with the S fund up moderately and the C fund down moderately. What is notable is that the bears did not take advantage of the somewhat flat trading environment.




Friday saw the S&P and DWCPF close on a down note, but the charts remain bullish. Momentum has actually gone negative on the S&P, while flat on the DWCPF.

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There was mixed action this week among the stock indices. Small caps (S-fund) added .7% while large cap stock indices were down nearly 1%. Public offerings shook up the status quo this week so rotation separated the strength but kept the money within stocks. There was also concern about the stimulus package out of Washington. It seems the two parties can't completely agree on where the money should go which keeps the money out of everyone's hands at the moment. There was also a slight increase in ...

Stocks were mixed on Thursday but the bulls were really in charge as the indices that were positive were up big, and the ones that were down were just slightly lower. The Dow lost 70-points and the S&P 500 shed 5, and that has them both down slightly for the week, but the Nasdaq and small caps rallied back strongly from Wednesday's losses, and continue to outperform.

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Originally Posted by coolhand

Thursday's trading saw small caps snap back from Wednesday losses to post solid gains. They didn't quite erase all of the losses, but they did get most of it back. The S&P 500 struggled all day and ended the session near the neutral line.




Both charts remain bullish. Upside momentum has fallen off, but price remains not far off its peak.



Cumulative

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Stocks were down yesterday with the Dow giving back Tuesday's gains with its 105-point loss on Wednesday. Several indices made new intraday all-time highs in early trading but the indices came off those levels quickly and drifted lower most of the day. Small caps lagged the large caps for a change, but the Nasdaq was the big loser, falling about 2%, but it's still just off all-time highs. A late afternoon push higher did take the indices off their lows.

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