View RSS Feed

Coolhand's Market Analysis

The Bulls Remain in Charge - Posted by Coolhand

Rate this Entry
Quote Originally Posted by coolhand View Post
All in all, the bulls had a pretty good week last week as price bounced all the way back to the upper end of the trading range, though higher highs were hit.

YIELD CURVE-s-p-500-png
YIELD CURVE-dwcpf-png

We can see that price on the S&P 500 is tracking sideways just under its 200 dma. Volume has fallen off. Price on the DWCPF is ebbing higher and closed for significant gains on the week.

YIELD CURVE-nyad-png

Breadth remains bullish.

So, NAAIM remained neutral last Thursday, but there is a tilt toward the bullish side. It just isn't pronounced enough to make it a bullish reading. There are reasons to be wary given price has yet to test the 200 dma on the S&P 500. The fact that price is near its highs is also reason (for the smart money) to not bet heavily either way. It's been about a month now that price has traded up and down in range, but the bulls are still in control.

The 200 dma may be the key to the next up-leg or another reversal to the bottom of the range (generally the 50 dma).

I remain neutral with a modest tilt to the bullish side.

Submit "The Bulls Remain in Charge - Posted by Coolhand" to Digg Submit "The Bulls Remain in Charge - Posted by Coolhand" to del.icio.us Submit "The Bulls Remain in Charge - Posted by Coolhand" to StumbleUpon Submit "The Bulls Remain in Charge - Posted by Coolhand" to Google

Categories
Uncategorized

Comments


S&P500 (C Fund) (delayed)

(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)

(Stockcharts.com Real-time)
EFA (I Fund) (delayed)

(Stockcharts.com Real-time)
BND (F Fund) (delayed)

(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes