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Originally Posted by coolhand

The wall of worry is alive and well, isn't it? Stocks continued their climb today, slowly recapturing ground from lows hit March.




Price has been above the 200 dma on the S&P for several days now. I would call that average potential support at this point. Price on the DWCPF closed at a fresh high above that same average. Momentum is bullish and rising. We aren't off to the races, but as long as the trend

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The week ended with some fireworks late Friday after President Trump addressed the status of U.S. - China relations. The market may have been expecting a more hawkish tone from Trump, but ultimately the fact that the trade deal remained intact for now, and no sanctions were announced, was seen as bullish and the FOMO kicked in late Friday after we've had a series of strong Monday's (Tuesday for the holiday week) for stocks. Of course the issues with China are not going away and the weekend was ...