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Coolhand's Market Analysis

Are There Any Bears Left? - Posted by Coolhand

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Quote Originally Posted by coolhand View Post
Overbought got more overbought today, but who cares? Breadth isn't making new highs either, but who cares?

Price is rising and ultimately that's what we care about.

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There is no overhead resistance on either chart.

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Breadth remains bullish, but tracking sideways.

With NAAIM heavily bulled up, this rally could have some serious legs. Their sentiment can linger in one direction for many weeks. We'll have to see, of course, but it's possible.

I remain bullish.

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Comments

  1. FireWeatherMet's Avatar
    Interesting to survey the percentage of those in the Tracker who are invested in stocks right now.

SPY (C Fund) (delayed)

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DWCPF (S Fund) (delayed)

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EFA (I Fund) (delayed)

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BND (F Fund) (delayed)

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