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Originally Posted by coolhand

Much to the consternation of those sitting on the sidelines, the market made it 2 in a row today as the bulls pushed price back up near resistance once again.




Both charts show price not far under its previous high. A test sure looks likely. Momentum is rising, but not so you'd notice much.



Cumulative breadth ticked higher on the day and that

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Stocks recovered most, if not all, of Friday's losses yesterday as the Dow jumped 587-points, and we saw significant gains in most of the broader indices. The market was perhaps in need of a pullback off the recent highs, but was that it? We also saw small caps surge, and commodities rally back as the dollar rolled over from last week's spike higher. Bonds were down with yields pushing slightly higher.

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