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Originally Posted by coolhand

Yesterday, I said that there were promising signs that the market was beginning to gather some bullish momentum (in so many words). I cautioned that resistance was still overhead, but there were indicators that were becoming more favorable to the bulls.




Price rose on both charts today. The S&P 500 closed at an all-time high, but also closed well off its high of the day. Price on the DWCPF also had a

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The rotation trade that everyone is talking about was in full force yesterday. The Dow shot up another 464-points to a new all time high - same for the Dow Transports, and the small caps and S&P 500 broke above important resistance. Yet the rally that was helped by those amazing FAANG stocks over the last few years, is now doing so without those high tech names. The Nasdaq was down yesterday and is still 7% off its recent highs.

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