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Originally Posted by coolhand

The market picked up this week where it left off last week, with more gains.




Price is moving swiftly to the upside as the 200 dma fades into the distance on both charts. Volume remains heavy and momentum continued to build steam to the upside.



It's not often we see such a dramatic move in breadth on the NYSE. This chart says it all and it remains

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After the worst report last month, we got the strongest employment report in the history of the country on Friday with 2.5 million jobs being created. What made it even more impressive was that the so called experts were expecting a loss of 8.5 million. The market reacted with an explosive rally. The Dow gained 829-points and we saw gains of 2% to 3% in most of the indices.

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Originally Posted by coolhand

Friday's positive action added to huge gains last week for all 3 TSP stock funds.




As the news gets more dire, the market rallies even more. On volume. Upward momentum is rising. RSI is now overbought, but I'd not get overly concerned about that, though a pullback could happen any time now.



Breadth is really stretching it to the upside (bullish).

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Fear of missing out (FOMO) continued to fuel the comeback rally this week and eventually accelerated Friday following an unexpected jobs report. Stocks continued to be bought up throughout the week but its was the former lagging sectors that outperformed. It seems good deals on strong stocks are drying up and investors are desperate for more discounts. Momentum is powerful. What seemed impossible and was essentially thrown out as a possibility by many has become reality. Bear market level sell off ...