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Stocks were mixed on Thursday, which turned out to be a very whippy day with bouts of strength and weakness throughout the trading session. By the close we saw many indices close right between the day's highs and lows. The Dow gained a solid 160-points and the S&P 500 has now been up for 6 straight days. Meanwhile the Equal Weighted S&P 500 (same 500 stocks) has been down 5 of the last 8 days. The Nasdaq lagged yesterday as Apple, Amazon, Google, and few other big name tech stocks took ...

Originally Posted by coolhand

The melt-up continued today, though it was on the volatile side.




Price on the S&P continues to eke higher, while price on the DWCPF is now testing resistance.



Breadth is not advancing (no new highs), so the overall rally in the broader market is not seeing as broad a segment of stocks participating. It's not necessarily bearish, but I think

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Stocks did it again, and also once again, the large recent winners continue to win, while the broader market is showing less enthusiasm. The Nasdaq was up a whopping 1.73% while the Russell 2000 was down sharply. The S&P 500 was up 1% while the Equal Weight S&P 500 was down modestly. The Dow gained 83-points, and bonds were down.

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Originally Posted by coolhand

Of late, it's been an uneven rally and it's showing up in the breadth reading. Is it of concern? I don't think so. Not as long as you are in index funds.




And it's the S&P 500 in particular that is currently leading the DWCPF. I don't know how long that goes on. Normally, I'd expect the DWCPF to play catch up sooner or later. I have no reason not to expect that this time either. But it's not like the

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A couple of observations- from doing this for the last 20+ years. Right now everything seems to be all pretty, and drifting higher every day. We KNOW that this isn't going to last forever, but it is times like this that I really enjoy looking at what I've been able to accumulate, and thinking about whether it's time to rebalance my accounts and bank some gains.

Many years ago I used to just put all my ducks in a single fund (*originally, all there was was G fund, then C and F were ...