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Originally Posted by coolhand

The S&P 500 has really come alive the past month or so. The index gapped higher and closed for a significant gain near the high of the day. The DWCPF was not as impressive, but it did manage a moderate gain.




What can I say about these charts that I haven't already said. They are overbought, but also bullish with no overhead resistance.



Breadth

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Stocks opened flat on Tuesday but the bulls quickly took over once again and we saw a broad rally into the close, with fairly strong breadth pushing most of the indices higher on the first trading day of September. Volume was lighter than average and typical of this time of year, and it may get lighter as the week goes on, barring any major news events. The Dow gains 216-points with the Nasdaq leading the way once again. Bonds rallied and the I fund lagged after a rally in the dollar.
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