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Originally Posted by coolhand

After daring to feel bullish yesterday the market reminded me that it's not one-sided (I already knew that).




Once again, it's the S&P 500 that is struggling the most as price closed just under the 50 dma once again. But price on the DWCPF held up much better and that index continues to lead of late. It's hard to get bearish on the action as a total given the disparity.

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Stocks opened higher and held onto those gains and closed near the highs of the day. The Dow gained 466-points, while the Nasdaq and small caps led on the upside with gains over 2%. Perhaps it was President Trump's health progress, or the fact that Wall Street is still cheerleading for an impending stimulus, although we'll discuss below another theory that is being talked about. Bonds were down as yields rallied and the dollar fell.

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