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Coolhand's Market Analysis

A weekly snapshot of current TSP allocations for both the Top 50 and the Total Tracker. I also try to accompany the allocation charts with some measure of technical analysis, normally using the S&P 500.

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    Quick Turnaround to New Highs - Posted by Coolhand

    by
    coolhand
    , 08-12-2020 at 05:40 PM (Coolhand's Market Analysis)
    Quote Originally Posted by coolhand View Post
    The bears hopes of turning the market hit a snag today as the bulls sent price(s) to fresh highs on this rally. Is it really a surprise given smart money is bullish?

    namor's Vegas Boxer Account Talk-s-p-500-png
    namor's Vegas Boxer Account Talk-dwcpf-png

    Yesterday's pullback was simply that; a pullback. There is still no evidence that anything has changed. The charts are bullish, period. But I don't want to ignore potential resistance at the February peak, which is drawing closer.
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