I thought we would see some selling this week, though I also said it would not likely amount to much. So far, the S&P 500 is up over 1.5% this week, while the DWCPF is down more than 0.5%. I don't track the I fund closely, but it's up over 1% this week. So it's mixed across the averages, but if you're in large caps, you're enjoying some nice gains.
SPX.jpg
DWCPF.jpg
Another fresh high for the S&P 500 was posted Wednesday. It's overbought now, for what that's worth. The DWCPF remains in a somewhat sideways pattern.
The options are neutral this morning. NAAIM reports around mid-day. My intermediate term system remains under attack with just one signal keeping it in a positive condition. Breadth remains positive, but flat over the past 2 weeks.
It's a mixed picture in some respects, but it's still very much a bull market. The bias remains to the upside.
Bookmarks