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  1. Have Bulls Regained Control? - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bulls made a move today to push price past resistance at the 50 dma.

    Green for Stop-s-p-500-png
    Green for Stop-dwcpf-png

    The DWCPF is leading the SPX in this regard and it's a bullish move.

    Green for Stop-nyad-png

    Breadth rose and flipped positive.

    NAAIM was relatively unchanged and does remain modestly bearish.

    I was neutral heading into today and I'm going to maintain that neutral
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  2. TSP Talk: Stimulus?

    Stocks were rocking and rolling yesterday and that started during the debate on Tuesday night with the futures gyrating wildly, but by the close the Dow had a solid gain of 329-points. There was some optimistic statements from Treasury Secretary Mnuchin regarding the stimulus negations yesterday and the market rallied hard after hearing that, but no deal was reached and we saw some selling in afternoon trading to take the indices off their highs.

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  3. Battle at Resistance - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    We got another test at resistance (50 dma) today.

    lkatteng Account-s-p-500-png
    lkatteng Account-dwcpf-png

    Early on in the trading day it appeared the bulls might have a great day and successful test. Instead, they had an okay day and a tentatively successful test as the bears managed to push price back down in afternoon trade. Price closed above the 50 dma on both charts. The problem is it did so only marginally. This is not a convincing test and only shows
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  4. TSP Talk: Rally pauses

    Stocks chopped around on Tuesday digesting the recent large gains over the last few days as the some of the charts deal with some overhead resistance. The Dow lost 131-points, well of the morning highs, and off the late morning lows. There is some mending that can be done to those charts to fill open gaps and test moving averages. All in all, it wasn't a good day, but not a terrible day either, and a little back and forth wouldn't be a bad thing as the indices try to build a base off the recent ...
  5. Looking For Another Test of Resistance - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    Price got rejected at resistance today on the S&P 500, but found support on the DWCPF.

    Counting on a Bush Fire-s-p-500-png
    Counting on a Bush Fire-dwcpf-png

    I won't make too much of it because price didn't move all that much. A retest should be expected.

    Counting on a Bush Fire-nyad-png

    Breadth dipped back under the shown averages and is now technically bearish.

    The battle continues. I remain neutral.
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SPY (C Fund) (delayed)

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DWCPF (S Fund) (delayed)

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EFA (I Fund) (delayed)

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BND (F Fund) (delayed)

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