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Originally Posted by coolhand

The bulls kept the rally going today, posting solid gains by the close.




Price on both charts continues to put the 200 dma further in the rear view mirror, but potential resistance looms not far above. The goods news is that price has broken above the medium term range, so now its the previous peak made in June that needs to be tested and hopefully broken to the upside. Volume remains on the light side,

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Stocks were up on Thursday following a strong jobs report, but the big early gains didn't hold and we saw just modest gains into the close. The Dow gained 92-points, far short of the near 500-points it was up near the opening bell. The question is whether the selling wad due to technical reasons, as you'll see in the charts below, or if it was just nerves heading into the long holiday weekend as coronavirus cases mount.

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