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Originally Posted by coolhand

We got more up/down action today, but the bulls closed out the session near or at the high of day.




Price posted fresh highs again. For reference, the peak on the S&P is still about 100 points higher.



Breadth hit a fresh high as well and remains bullish.

I remain bullish.

August starts off with a pretty broad rally with both large and small caps moving sharply higher on the day. The Dow gained a healthy 236-points with 2 stocks up for every 1 in the index. Large tech continues to lead the equal weighted market indices however, but unlike Friday, this time those small caps got involved and kept pace with the Nasdaq.

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