Coolhand's Market Analysis

Originally Posted by coolhand

The disparity between the S&P and the DWCPF continued last week, as the S&P soared to fresh all-time highs, while the DWCPF posted a moderate weekly loss. But that statement may be a bit misleading as the DWCPF remains a bullish chart overall and one that could join the S&P in fresh highs should money flows turn toward small caps with more consistency.




Of the 2 charts, it's obvious that the S&P is more bullish. Strength and momentum are rising on the S&P, while at the same time are falling modestly on the DWCPF.



Cumulative breadth closed out the week in good shape with the signal still above the rising EMAs.

As we begin a new trading week, NAAIM is solidly bullish having increased not just their bullish sentiment, but their leverage on the long side. The TSP Talk sentiment remained heavily bulled up.

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