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Stocks opened flat on Tuesday but the bulls quickly took over once again and we saw a broad rally into the close, with fairly strong breadth pushing most of the indices higher on the first trading day of September. Volume was lighter than average and typical of this time of year, and it may get lighter as the week goes on, barring any major news events. The Dow gains 216-points with the Nasdaq leading the way once again. Bonds rallied and the I fund lagged after a rally in the dollar.
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Originally Posted by coolhand

Overbought got more overbought today, but who cares? Breadth isn't making new highs either, but who cares?

Price is rising and ultimately that's what we care about.




There is no overhead resistance on either chart.



Breadth remains bullish, but tracking sideways.

With NAAIM heavily bulled up, this rally could have

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It was a manic Monday with the indices all mixed, and a little bit of end the month finagling pushed stocks off their highs. The Dow lost 224-points while the Nasdaq, and particularly the Nasdaq 100, were up nicely. The S&P 500 was down modestly, breaking its 7 day winning streak, while the S-fund posted a small gain. Bonds rebounded after last week's sell off.

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Originally Posted by coolhand

The last day of August saw the market close mixed, though it was only because a late day sell-off took some of the indices out of positive territory. It wasn't anything unusual.




The charts continue to look very bullish, though overbought.



Breadth remains so-so, though still bullish.

The smart money is bulled up, so I see no reason

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Another big day for stocks on Friday sending many of the indices to new all time highs again. The Dow gained 162-points while the S&P 500 comes into the new week on a 7 day winning streak, which is actually the second 7-day winning streak since July 31st, so August has been a good month for stocks, and the bulls will hate to see it go.

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