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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.

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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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