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Coolhand's Market Analysis

Bulls Move Forward - Posted by Coolhand

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coolhand
, 11-11-2020 at 04:10 PM (422 Views)
Quote Originally Posted by coolhand View Post
Happy Veteran's Day to all you Veteran's!

Today's action had a more "normal" feel to it than that of the past 2 trading days. The bulls tacked on solid gains on normal volume.

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The uptrend still remains intact. Momentum is still rising. Price on the S&P is still contending with resistance, so that's a area we want to watch.

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Breadth leveled off today, but remains bullish.

We get a fresh NAAIM reading tomorrow. As always, that will help frame my outlook for the following week. I remain modestly bullish.

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