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Originally Posted by coolhand

The bulls began the week with more gains.




And both charts show price getting very near the February high. A test of that high could come any day now. Volume has fallen off the past few days, but that's normal in mid-August.

Breadth ticked higher and remains bullish.

I remain bullish.

It was a slow summer Friday for stocks as trading volume was down and the indices were fairly flat, trading in a narrow range. The Dow rallied late to push into positive territory while the S&P 500 came up just short. The S&P 500 also continues to come up short in pursuit of making a new high, but the bears have failed to do anything about it as the index hangs just under that February high.

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