The bulls notched some good gains last week as all 3 TSP stocks saw price rise significantly. Especially the S&P 500, which captured a weekly gain of 3.29%.
S&P 500.png
DWCPF.png
The DWCPF has finally joined the S&P 500 in attaining a new all-time high. It lags the S&P 500 overall, but it's doing well regardless. I note that RSI is overbought on both charts; especially the S&P 500.
Is this a problem?
NAAIM doesn't think so.
NYAD.png
Breadth rose on Friday and remains bullish; though breadth overall has not been hitting fresh highs despite the rally in the indicies. That's not an issue, just an observation.
NAAIM (smart money) is heavily bulled up and that's our key indicator in terms of market risk. There are a lot of negative headlines out there (nothing new, really), but as long as the smart money is bullish I would say that we should be too (but not complacent).
TSP Talk came in bulled up from the previous week and is now more aligned with the NAAIM reading.
I remain bullish.
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