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  1. coolhand's Avatar

    Melt Up in Progress? Posted by Coolhand

    by
    coolhand
    , 07-22-2020 at 04:13 PM (Coolhand's Market Analysis)
    Quote Originally Posted by coolhand View Post
    Looks like we may have a melt up in progress as the bulls closed out the session with moderate gains today.

    lkatteng Account Talk-s-p-500-png
    lkatteng Account Talk-dwcpf-png

    The charts look very good right now.

    lkatteng Account Talk-nyad-png

    Breadth looks very good too.

    NAAIM reports tomorrow. I remain bullish.
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  2. tsptalk's Avatar

    TSP Talk: A breakout - but weak close

    by
    tsptalk
    , 07-22-2020 at 01:11 AM (TSP Talk Blog)
    Stocks opened higher on Tuesday but after a few breakouts to higher highs in some indices, we saw some fading into the close. The high flying Nasdaq did pullback but investors seemed to put that money into other indices, rather than selling outright. The Dow had a good day adding 160-points, but it was up over 300 in early trading, so it wasn't the best action. Small caps made a higher high yesterday, but also came well off the morning highs.

     ...
    Categories
    Daily Market Commentary
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