What do you think of the golden cross in the Dow a couple days ago? Surprised I haven't seen any chatter about it on the forums.
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The S&P has now risen 7 trading days in a row.
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DWCPF.png
I've added a couple of months to the charts so we can keep an eye on the February peak. We can see that the market has actually closed in on that peak quickly in the past few trading sessions. So potential resistance looms; though I believe (at this time) that assuming price tests it, it will eventually push past that peak. We may only be days away or it could be somewhat longer.
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Breadth hit another high and remains bullish.
No change in my sentiment. I'm still bullish.
After 7 consecutive "up" days for the S&P, the market finally pulled back. It was due.
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A moderate pullback is obviously healthy for the market and does virtually nothing to hurt the technical indicators.
Breadth dipped a bit, but remains bullish.
Futures are up early this evening, so maybe the bulls bounce back tomorrow. In any event, I see no reason to pull in my horns, so I remain bullish.
The bears hopes of turning the market hit a snag today as the bulls sent price(s) to fresh highs on this rally. Is it really a surprise given smart money is bullish?
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Yesterday's pullback was simply that; a pullback. There is still no evidence that anything has changed. The charts are bullish, period. But I don't want to ignore potential resistance at the February peak, which is drawing closer.
NYAD.png
Nothing wrong with this chart either. It hit another high and remains solidly bullish.
Need I say what my sentiment is?
NAAIM reports tomorrow. See you then.
NAAIM came in a bit more bullish today. It's about as high a bullish reading as I've seen.
Coolhand, does this reading in any way say the market may be overbought? Or is that not what NAAIM measures.
Disregard, my question, I researched. Keep up the good work, enjoy your insights!
The market traded mixed on the day, with the S&P dipping modestly, while the DWCPF closed modestly higher.
S&P 500.png
DWCPF.png
Breadth dipped, but remains quite bullish.
Today's latest NAAIM sentiment reading remained bullish.
Steady as she goes. I remain bullish.
The bulls managed to close out the week (last week) with moderate gains.
S&P 500.png
DWCPF.png
The up-trend remains intact and the charts continue to look good, but potential resistance is not far overhead now.
NYAD.png
Breadth remains bullish.
We saw that NAAIM came in quite bullish last Thursday. TSP Talk got more bullish in the latest survey, so we are aligned with the smart money.
Let's see if price can test resistance this week. I remain bullish.
The bulls began the week with more gains.
S&P 500.png
DWCPF.png
And both charts show price getting very near the February high. A test of that high could come any day now. Volume has fallen off the past few days, but that's normal in mid-August.
Breadth ticked higher and remains bullish.
I remain bullish.
While the market closed mixed on the day, the S&P 500 in particular added a modest gain.
S&P 500.png
DWCPF.png
Price is now testing resistance on the S&P from the February peak. Interestingly, there was no serious challenge from the bears as the February peak was tested. But the bulls didn't press either, so price pulled back from that peak just a bit. The DWCPF is close to testing its peak, but it isn't quite there yet.
Breadth remains bullish.
I feel pretty confident that price will eventually push pass resistance. Likely sooner rather than later, but we'll let the market tell us.
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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