Coolhand's Market Analysis

Originally Posted by coolhand

The market closed mixed on the week, last week. The S fund posted a decent gain, while the C fund posted a sizable loss.




We can still see that the S&P is struggling to maintain altitude, but it is still a bullish chart with price not all that far from the peak. The DWCPF dipped Friday (as did the S&P), but price remains much closer to its peak. Momentum is turned down a bit on both charts. All in all, technical damage is quite contained to this point.

However, we have a week coming up that promises to have potentially market moving headlines. That doesn't mean it's
bullish or bearish, just potentially market moving in one direction or the other (or both).



Cumulative breadth dipped on Friday, but the signal remains bullish.

TSP Talk sentiment came in pretty bulled again, but the smart money is also bulled up. This is bullish overall.

I remain bullish, but will be watching this week closely for signs of potential trouble.