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Coolhand's Market Analysis

Big Gains Last Week - Posted by Coolhand

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Quote Originally Posted by coolhand View Post
The bulls posted significant gains last week.

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We can see that price is slowly rising along with the 50 and 200 day moving averages. The long term trend is up.

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Breadth hit a fresh high on Friday and remains bullish.

We are heading into a new week with the smart money still bullish after last Thursday's latest sentiment reading. TSP Talk remains bullish, but I noted some shifted to a more neutral stance.

After last week's gains, it would not be a surprise if the market sees some degree of a pullback soon. But the trend does remain up and the smart money is in the bullish camp. I remain bullish.

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