Coolhand's Market Analysis

Originally Posted by coolhand

The market took a breather today. It was overdue on the DWCPF in particular.




Price on both charts were down moderately. Volume was elevated. RSI was overbought on the DWCPF and remains overbought even after today's selling. We could see more selling in the short term before a bottom. Looking at the DWCPF we can see that bottoms have been happening quickly the past few weeks.

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Originally Posted by coolhand

The bulls had another great week last week. Both the C and I funds posted gains of more than 2% and the S fund almost doubled that at over 4%.




Price on the S&P closed near the top of its trading range. We can see that there are higher lows along the way, so an upside breakout seems to be in the cards. Price on the DWCPF continues an almost relentless push to the upside and it looking incredibly bullish.

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Originally Posted by coolhand

Is this rally real yet? I said a few days ago that my gut said that the market has the potential to get silly to the upside. I'm not saying it's silly yet, but the market seems to be working on it.




Price on the DWCPF hit another all-time high. The S&P hit a fresh closing high. That index may be finally getting ready to break out to the upside.

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Originally Posted by coolhand

The bulls began the new week in positive fashion as price continued to rise.




This time, the S&P joined the party, but the DWCPF continues to dominate the action was larger gains. The problem for the S&P is that price is still stuck in a range, while the DWCPF is hitting fresh all-time highs.



Breadth is also hitting fresh all-time highs and is

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Originally Posted by coolhand

The market was mixed last week, with major averages posting gains and losses depending on the index. We are seeing what appears to be stock rotation going from larger caps to smaller caps, but that's just what I see on a superficial level. I am not looking "under the hood" so-to-speak as I like to keep my commentary fairly simple.




In the loss column you have the S&P 500, which shed less than 1% last

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