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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.

August starts off with a pretty broad rally with both large and small caps moving sharply higher on the day. The Dow gained a healthy 236-points with 2 stocks up for every 1 in the index. Large tech continues to lead the equal weighted market indices however, but unlike Friday, this time those small caps got involved and kept pace with the Nasdaq.

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Originally Posted by coolhand

The bulls came out swinging today, as price gapped higher and stayed elevated throughout the trading day.




The charts are sporting fresh highs on a bit more volume.



Breadth remains bullish.

It hasn't been a rocket ride, but NAAIM's bullishness has been correct as far as the market is concerned.

I remain bullish.

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Stocks went on a wild ride on Friday, opening higher after those better than expected earnings reports from four of the FAANG companies after the bell on Thursday. Those early gains dwindled in early trading, but not for long as the buying resumed in the afternoon, and the indices skyrocketed into the close, closing at the highs of the day. The Dow gained 115-points, while the Nasdaq and S&P also added impressive gains, but it wasn't all blue skies as the small caps and I-fund lagged quite ...