All Blog Entries

Originally Posted by coolhand

We got a mixed day of action today as the S&P 500 made it 5 up days in a row, but the DWCPF closed modestly lower.




The charts remain decidedly bullish. RSI is getting close to overbought, but that's not a big concern with the smart money being bullish.



Breadth dipped just a bit and remains bullish.

NAAIM was relatively unchanged

...

Another day, another rally - and another late push higher to the day's highs. The Dow gained an impressive 373-points with the help of a big gain in Disney's stock price, but it was actually the small caps of the Russell 2000 (+1.91%) that led the day, helping the S-fund to a gain well over 1%. The dollar fell sharply again to a lower low, and the market is taking advantage, but how long will / can that divergence last?

...

Originally Posted by coolhand

The bulls continued their win streak today (4 in a row).




The sideways action we experienced not long ago is fading away as price continued to post fresh highs on the current uptrend.



Breadth continues to look very good.

NAAIM report tomorrow.

I remain bullish.

It was another choppy day and the indices were mostly red, or close to it, in afternoon trading before another final hour rally, which has been the theme in recent days. By the close the Dow was up 164-points, and the gains were fairly broad with most indices finishing the day with modest gains, although some of the en fuego FAANG stocks cooled off a bit.

...

Originally Posted by coolhand

We got more up/down action today, but the bulls closed out the session near or at the high of day.




Price posted fresh highs again. For reference, the peak on the S&P is still about 100 points higher.



Breadth hit a fresh high as well and remains bullish.

I remain bullish.