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Stocks jumped out of the gate on Monday morning with a solid gain in the indices. While there was some sliding in the afternoon taking the them off their highs, the indices did hold onto a good portion of their early gains. The Dow gained 328-points, while the Nasdaq, and particularly the small caps, did very well. Not much news out there, but an overhang of vaccine optimism could be the catalyst for the strength.

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Originally Posted by coolhand

The bulls made it clear today that they are not just going to stand around and get pounded by the bears. That's really not a surprise to me, which is why I said in previous posts that I can't be sure how this plays out. It's not just financial indicators I'm looking at as I watch this battle for control of price. This battle goes beyond the financial bedrock of the market itself. I alluded to this the other day and it's why I take the bearish NAAIM reading seriously. It doesn't guarantee a decline,

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It was a mixed day on Wall Street Friday with the Dow and Transports up, the Nasdaq and small caps down, and the S&P 500 flat. Bonds were up and the dollar was down. The I fund was up sharply - partly because of a dip in the dollar, and more likely because the early gains in the U.S. market didn't disappear until after the overseas markets had already closed on Friday.

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Originally Posted by coolhand

Last week, the S&P 500 and the DWCPF were thrown for a weekly loss.




So far, support at the 50 dma is holding on the S&P 500, but closed under that level on the DWCPF on Friday. Volume has fallen off since the initial 2 days of the sell-off, which we might see as at least somewhat supportive for the bulls. Momentum is falling and the indexes are not oversold (not that they need to be for a potential

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Economic Calendar


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