Coolhand's Market Analysis

Originally Posted by coolhand

The wall of worry is alive and well, isn't it? Stocks continued their climb today, slowly recapturing ground from lows hit March.




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.



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

I remain bullish.