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Originally Posted by coolhand

The market took a breather today. It was overdue on the DWCPF in particular.




Price on both charts were down moderately. Volume was elevated. RSI was overbought on the DWCPF and remains overbought even after today's selling. We could see more selling in the short term before a bottom. Looking at the DWCPF we can see that bottoms have been happening quickly the past few weeks.

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Stocks we up on Friday erasing Wednesday's losses in the S&P 500, and in the case of the Nasdaq and small caps, just additional gains and new highs. The Dow gained 38-points so it lagged some and did not get back all of its 174-point loss from Wednesday. Bonds were up as yields fell, and the dollar fell to a multi-year low helping the I-fund add to its monster month.


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Originally Posted by coolhand

The bulls had another great week last week. Both the C and I funds posted gains of more than 2% and the S fund almost doubled that at over 4%.




Price on the S&P closed near the top of its trading range. We can see that there are higher lows along the way, so an upside breakout seems to be in the cards. Price on the DWCPF continues an almost relentless push to the upside and it looking incredibly bullish.

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The bulls held onto this week's Monday rally to close at record highs by the end of the short holiday week. Stocks opened up higher Monday after more positive vaccine news and the Joe Biden choice of Janet Yellen for the Treasury Secretary. Market participants are familiar with Yellen from her time as the Chair of the Federal Reserve where she was known for her dovish outlook and actions. Stocks continued to be bought into Tuesday and held pre-Thanksgiving. Volume was light for the last trading ...