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Coolhand's Market Analysis

Indicators Still Point Up - Posted by Coolhand

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Quote Originally Posted by coolhand View Post
The bulls closed out the week last week with solid gains for the both the S&P and the DWCPF. NAAIM has been bullish, so it should not be much of a surprise that price is rising.

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Price on the S&P continues to rise to new all-time highs. That chart is showing on overbought condition (RSI), but we know how overbought can get more overbought. The DWCPF continues to struggle against resistance, but it's still rising.

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Breadth looks good on the NYSE and is hitting fresh all-time highs.

The latest TSP Talk sentiment reading shows little change from last week (we remain bulled up). NAAIM is bullish too.

Unless something changes, the indicators continue to favor the bulls. I remain bullish on the S&P and modestly bullish on the DWCPF.

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SPY (C Fund) (delayed)

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EFA (I Fund) (delayed)

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BND (F Fund) (delayed)

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