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Coolhand's Market Analysis

Bears Get Trampled Again - Posted by Coolhand

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Quote Originally Posted by coolhand View Post
It didn't take long for the market to forget Friday's pullback as the major averages started the new week strong. The market gave back some its gains by the close, but closing gains were not insignificant.

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The S&P 500 hit a fresh high, while the DWCPF closed near its previous peak.

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Cumulative breadth remains bullish.

Nothing has changed. It is obvious that this is a strong bull right now. It is very easy to expect a buying opportunity may come at any time, but bull markets can go further and longer at times than most traders expect. I'm not saying that's what is going to happen here, but it might.

I remain bullish.

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