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Originally Posted by coolhand

Okay, we are now officially in silly territory. I'm calling it. More so for the DWCPF than the S&P, but cumulative breadth is silly too.

If you are long, you are definitely liking this silly market.




Price on the DWCPF continues to impress to the upside. I said I wasn't worried about the overbought RSI and you can see why. Price on the S&P is also rising, but not yet overbought.

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Employment growth slows sharply in November amid coronavirus surge

Nonfarm payrolls increased by just 245,000 in November, well below Wall Street estimates as rising coronavirus cases coincided with a considerable slowdown in hiring.

Economists surveyed by Dow Jones had been looking for 440,000 and the jobless rate to decrease to 6.7% from 6.9% in October.

https://www.cnbc.com/2020/12/04/jobs...mber-2020.html

More of the same yesterday with the indices being mixed and somewhat flat. The Dow gained 86-points and the small caps had a very good day, but the S&P ended the day with a small loss after a late sell off on some vaccine news, but the bears still don't seem to have the fortitude to fight the fight. Bonds rallied again after initial jobless claims came in lighter than expected.

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