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Stocks were mixed and mostly lower on Monday, although those leading Nasdaq and small caps stocks managed to pick up another gain. It was rather quiet after Friday's rally following the disappointing jobs report, so the bears didn't make any moves, while the bulls didn't push things. The Dow lost 148-points, about 100-points off the lows made just a few moments before the close, and was the laggard on the day.

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Stocks jumped again after a not so impressive jobs report. The Dow gained 249-points and the major indices all gained just short of 1%, while small caps shined again and gained nearly 2%. Bonds were down, which I can only assume was a reaction to the need for more stimulus.

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Economic Calendar


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The new month brings new highs in stocks. All of the major stock indices (S&P 500, DOW, NASDAQ, RUSSELL 2000) reach new record highs Friday. What made that particularly peculiar was that the day started with a jobs report that was quite short of expectations. 245,000 jobs were added last month while economists surveys expected an addition of 440,000 jobs. Another record broken Friday was the number of reported new cases of the corona virus along with the number of reported deaths from the virus ...

Originally Posted by coolhand

Okay, we are now officially in silly territory. I'm calling it. More so for the DWCPF than the S&P, but cumulative breadth is silly too.

If you are long, you are definitely liking this silly market.




Price on the DWCPF continues to impress to the upside. I said I wasn't worried about the overbought RSI and you can see why. Price on the S&P is also rising, but not yet overbought.

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