Coolhand's Market Analysis

Originally Posted by coolhand

And just like that both charts are sporting fresh closing all-time highs.




Yes, the charts certainly remain bullish. The bull is still kicking pretty hard. Momentum is hinting at turning back up (it was rather neutral).



Cumulative breadth has also hit another all-time high and remains bullish.

Has anything changed? Not so you'd notice by the charts, but a new administration has now taken over. That does not make me comfortable as markets sometimes get spooked while changes of all kinds are thrown around by those newly in charge. It's really just something to be aware of at this point. I'll be paying close attention to any signs of potential trouble, bull market or no market, in the days and weeks ahead.

Let's see where NAAIM is tomorrow. Potential trouble doesn't have to manifest immediately.

I remain bullish, but wary.