GO BULLS!!!!!
Price is currently testing the June peak for the 2nd time. Price on the DWCPF is not quite there yet, but it's certainly not far away. If the bears can't counter, the bulls may have a great week this week.
S&P 500.png
DWCPF.png
GO BULLS!!!!!
May the force be with us.
Wooo....hooo. Ride Em Cowboy!!!
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Yeah! Do it again tomorrow!
The bulls followed up yesterday's right hook with an upper cut today, but the bears didn't quite go down. They were heavily staggered though with a trickle of blood oozing down the left side of the nose. The referee had to step in and check to see if the bears could go on, but then the bell rang and the trading session ended.
S&P 500.png
DWCPF.png
Price on the S&P bumped up against resistance at the June peak again, and while it didn't break it, it closed pretty much right on it. The DWCPF is close behind.
NYAD.png
Breadth is rising and is now looking decidedly bullish to my eye.
What I am seeing has me thinking an upside breakout may be coming very soon. It might even be imminent. And tomorrow we'll get a fresh NAAIM read.
The bears are wounded and battered. Can they stop the bulls? I'm thinking not, but we'll know soon enough. I remain bullish.
NAAIM came in a bit more bullish than last week. It remains a green light for stocks by this smart money sentiment.
The upside breakout remained elusive today as stocks pulled back a bit.
S&P 500.png
DWCPF.png
Looking at the charts we can see that price remains not far off the June peak. Volume was lower than usual. It's like the market is waiting for something. Some bit of news before popping higher.
Breadth dipped modestly, but remains bullish.
NAAIM came in a bit more bullish. You won't find many bears among them right now.
I remain steadfastly bullish.
The bulls are knocking on the door of a potential upside breakout.
S&P 500.png
DWCPF.png
We can see that price on both charts are close to the June peak, which is resistance.
NYAD.png
Breadth looks much the same, with the signal near the June peak.
The TSP Talk sentiment came in bullish again. NAAIM is also bullish and that's the one that counts in my book. We didn't get a breakout last week, but the market is poised for one at any time. Of course, we could see a rejection at resistance, but I am of the opinion that as long as the smart money is bullish, we should be too.
Did you notice? The S&P 500 hit a fresh high today, and yes it was above the June peak. Hopefully, it sticks.
S&P 500.png
DWCPF.png
While the S&P has had a modest breakout, the DWCPF is still a hair away from it's own fresh high. I'm sure it will get there.
NYAD.png
Breadth dipped very modestly, but remains bullish.
So, it's playing out to plan so far. I fully expect more gains in the future, but of course it won't be a straight shot. I remain bullish.
Price continued to advance today, though a late day swoon erased the bulk of session gains.
S&P 500.png
DWCPF.png
We aren't off to the races, but as long as price is steadily moving higher who's going to complain? There is still more resistance above that will need to be dealt with, but I doubt it will happen in the short term. The February peak (all-time high) is near the 3400 mark on the S&P, so the index has about 140 points to go yet to get to that level (assuming we get there).
NYAD.png
Breadth has joined the party with a fresh high and remains bullish.
Aside from normal pullbacks associated with a price that is advancing overall, I see no reason not to remain bullish. A fresh NAAIM reading is just 2 days away.
Looks like we may have a melt up in progress as the bulls closed out the session with moderate gains today.
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The charts look very good right now.
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Breadth looks very good too.
NAAIM reports tomorrow. I remain bullish.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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