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Coolhand's Market Analysis

Silly is Now Official - Posted by Coolhand

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Quote Originally Posted by coolhand View Post
Okay, we are now officially in silly territory. I'm calling it. More so for the DWCPF than the S&P, but cumulative breadth is silly too.

If you are long, you are definitely liking this silly market.

tsp and roth-s-p-500-png
tsp and roth-dwcpf-png

Price on the DWCPF continues to impress to the upside. I said I wasn't worried about the overbought RSI and you can see why. Price on the S&P is also rising, but not yet overbought. That's another reason I'm not worried about RSI on the DWCPF, because the DWCPF is not a visible index to most folks unless you're a TSP investor.

tsp and roth-nyad-png

Cumulative breadth is showing you why price is rising (in a big way). It remains quite bullish.

So, heading into next week we have very strong cumulative breadth, rising price and momentum and bullish smart money. I like that combination.

I remain bullish.

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