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Coolhand's Market Analysis

Market Takes a Breather - Posted by Coolhand

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Quote Originally Posted by coolhand View Post
The market took a bit of a breather today.

When/how do we pay our "dues" for having money in TSP-spx-png
When/how do we pay our "dues" for having money in TSP-dwcpf-png

Price didn't move all that much on either chart. Momentum remains rather neutral, but price remains near the top of the peak.

When/how do we pay our "dues" for having money in TSP-nyad-png

Cumulative breadth dipped, but remains bullish. In fact, it has been bullish since early November.

The big news is that NAAIM got even more bullish. These money managers are showing no sign of concern as yet.

So, we have a market that is largely defying gravity and smart money that believes there is more fuel for additional gains.

I won't bet against the smart money. I remain bullish.

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