Coolhand's Market Analysis

Originally Posted by coolhand

As difficult as this market has seemed at times, the indexes were only down moderately last week (about 0.5% or less). They still sport significant gains on the month.




Friday saw the market make it 2 up days in a row. Momentum is flattening. I'd like to see price on the S&P 500 make a run at the September high and break to the upside from there. I suspect that will eventually happen.



Breadth moved higher and remains bullish.

TSP Talk sentiment came in neutral with an almost even split between bulls and bears. Of course, NAAIM remains bullish.

I just can't get bearish on this market (not that I want to). Especially when the smart money is long. Don't forget about the wall of worry.

I remain bullish.