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Originally Posted by coolhand

Today's positive action produced fresh closing highs on both the S&P 500 and DWCPF. It's getting real for the bulls. The up-leg may be in progress (maybe).




Both charts got more bullish today. Momentum is still rising. The DWCPF is near overbought territory (RSI). I would not get overly concerned with "overbought" just yet. The market may be just beginning to breakout after a short period of volatility.

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Stocks were up sharply on Friday, continuing to churn near the recent highs. The Dow gained 400-points on the day so it was another big day this month, making it 7 of November's 10 trading sessions that saw the Dow gain 250-points or more, with one 300+ point loss thrown in there too. Is that a good sign, or a sign that stocks need a rest before going any higher?

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Stocks manage to close at record highs after a turbulent week. The week started with a gap up to new highs after Pfizer reported a Covid-19 vaccine trials that were 90% effective. The euphoria did not last the whole trading day and the market gave back a good chunk of the gains back out of record high territory. The action that followed over the next few days came from a rotation out of the big tech stay at home names and into more economy sensitive sectors that have lagged since March. This week's ...

Originally Posted by coolhand

Friday's action saw the bulls rally the market to cap a great week. All 3 TSP stock funds were up more than 2%. And so far, all 3 TSP stock funds are up close to 10% or more in the month of November and we are only mid-month.




The action may have had a bearish feel to it earlier in the week, but the charts themselves are not bearish. The brief turbulence was unusual and many (including myself) were questioning

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