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Coolhand's Market Analysis

Breadth is Going Vertical - Posted by Coolhand

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Quote Originally Posted by coolhand View Post
The wall of worry is alive and well, isn't it? Stocks continued their climb today, slowly recapturing ground from lows hit March.

The big guys are here!!!!-s-p-500-png
The big guys are here!!!!-dwcpf-png

Price has been above the 200 dma on the S&P for several days now. I would call that average potential support at this point. Price on the DWCPF closed at a fresh high above that same average. Momentum is bullish and rising. We aren't off to the races, but as long as the trend remains bullish, it isn't really a problem.

The big guys are here!!!!-nyad-png

Breadth is looking rather vertical and confirms strength underpinning the rally.

I remain bullish.

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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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