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Another wave of green hit Wall Street on Monday, although it wasn't quite as positive as the indices might indicate. The Dow gained 9-points after a late dip took it off its highs, but the Nasdaq had a monster day thanks to Amazon. Despite the Russell 2000 small cap index closing down on the day, the DWCPF Dow Completion Index, which is what our S-fund tracks, did quite well.

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Originally Posted by coolhand

Did you notice? The S&P 500 hit a fresh high today, and yes it was above the June peak. Hopefully, it sticks.




While the S&P has had a modest breakout, the DWCPF is still a hair away from it's own fresh high. I'm sure it will get there.



Breadth dipped very modestly, but remains bullish.

So, it's playing out to plan so far. I fully

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Stocks were mixed on Friday with the Dow lagging and losing 63-points on the day, while the broader indices held onto some modest gains after bouncing back from a morning sell-off. It's not often that we see Amazon, Microsoft and Apple down on the day, yet see the rest of the market do fairly well. There has been a subtle shift out of tech and into more value type companies recently, but that happens occasionally, and the Nasdaq doesn't usually give up too easily. With earnings coming, it will ...

Originally Posted by coolhand

The bulls are knocking on the door of a potential upside breakout.




We can see that price on both charts are close to the June peak, which is resistance.



Breadth looks much the same, with the signal near the June peak.

The TSP Talk sentiment came in bullish again. NAAIM is also bullish and that's the one that counts in my book.

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Calendar Source: https://www.marketwatch.com/economy-politics/calendar


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