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Coolhand's Market Analysis

Anothe r

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Quote Originally Posted by coolhand View Post
The bulls came out early and strong again today, but like yesterday the bears mounted an attack to drive price back down. We ended up with a mixed close, but it's the bulls I have to give the nod to because they are holding price above the 50 dma to this point.

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

Price remains not terribly far above the 50 dma. A retest of the 50 dma is still very possible. Momentum dipped on the S&P.

namor's Vegas Boxer Account Talk-nyad-png

Breadth actually ticked a bit higher and remains bullish.

NAAIM reports tomorrow. We'll soon know if they've shifted in either direction. I'm anticipating some degree of a bullish shift, but that's just a hunch.

I remain neutral.

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