Coolhand's Market Analysis

Originally Posted by coolhand

The bulls pushed price higher today, this time on both charts.




The S&P is hitting is hitting fresh all-time highs. By comparison, the DWCPF is trying not the break support. It still looks shaky despite the gain.



Cumulative breadth rose and remains bullish.

NAAIM came in bullish today. It's a solid reading, but not as bullish as readings we've seen in the past. Keep in mind that while they are collectively bullish, we don't know what they are trading, so with the disparity between small caps and large caps the sentiment may or may not be even. This is why I have been differentiating my own sentiment between the 2 indexes.

I remain bullish on the S&P and neutral on the DWCPF.