CH, Enjoy your time off. Going to miss your posts.
May the force be with us.
Definitely another fan here. Thx for your steady and solid input. Have a good one.
Hope you have a great time off CH! Gonna definitely miss you!
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
Thanks Coolhand! Enjoy your vacation. NAAIM up from 44 to 68 today so hopefully the smart money is correct and the market has turned the corner and is headed back up.
For all my TSP friends, acquaintances, and fellow investors; I would like to thank you all for you posts and wish you all a safe and happy holiday weekend. Remember what this holiday is all about. But also, remember it is one of the two most dangerous holiday weekends of the year. Please be safe. Thank you for all those who have sacrificed for us to be here today.
Looks like things haven't fallen apart while I've been away. Good. Hope everyone had a nice Holiday weekend last week.
The market opened the first week of trading with moderate gains on both the S&P and DWCPF.
SPX.png
DWCPF.png
Price on the S&P is now flirting with its previous all-time high. This is an area of resistance, but I don't think it's strong. Price should break out to the upside; perhaps this week. Maybe even Monday or Tuesday. We'll see. Price on the DWCPF has managed to stay above its 50 dma, but that's about it. It continues to trade in a multi-month range. Momentum isn't a factor on either chart. It's rather flat.
NYAD.png
Cumulative breadth on the NYSE is hitting fresh all-time highs and is bullish.
NAAIM has gotten progressively more bullish the past 2 weeks. Right now, they are bullish. Not overly bullish like they sometimes are, but just bullish. They are not shorting much at all. Longs appear to be leveraged. That's what we want to see if we're looking higher. TSP Talk sentiment is neutral.
The market hasn't really changed much (character) since I last posted. The S&P continues to look bullish beyond the short term, while the DWCPF treads water. We are in the weaker part of the 6 month cycle for what that's worth. I was neutral the last time I posted. I am going bullish on the S&P, but will remain neutral on the DWCPF.
It was a rather odd trading day to start off the week. The S&P fell hard at the open and fought back to close out the day with a moderate loss. On the other hand, the DWCPF hit the gate running and never looked back, closing with a solid gain over 1%.
SPX.png
DWCPF.png
Price on the S&P continues to test resistance at its all-time peak. The DWCPF closed at a fresh high on the current up-leg. Still plenty of resistance above, so we'll have to see how well it contends with that.
NYAD.png
Breadth remains bullish on the NYSE.
With a bullish NAAIM reading, I expect to see more upside in the coming days. I still think the S&P hits fresh all-time highs. The DWCPF has room to move higher, but can it push past all that resistance?
I remain bullish on the S&P, but neutral to modestly bullish on the DWCPF.
CH,
Welcome back. Hope the time off refreshed everything.
May the force be with us.
The S&P continued to tease the bulls with a potential upside break, but price remains very near the peak.
SPX.png
DWCPF.png
We can see price fell back today on the S&P, but fought back to resistance at the peak. Seems it may be coiling a bit for a move higher? Price on the DWCPF advanced again today and is now approaching the April high (resistance).
NYAD.png
Cumulative breadth looks very good on the NYSE and remains bullish.
I remain bullish on the S&P and neutral to modestly bullish on the DWCPF.
It was a choppy day in the market today, which opened bullish and gradually went negative; especially in afternoon trade.
SPX.png
DWCPF.png
The S&P fell modestly, while the DWCPF fell moderately. No technical damage was incurred, but the DWCPF may be showing weakness in the face of resistance at its April peak.
NYAD.png
Cumulative breadth dipped, but remains bullish.
Even though the smart money is bullish this week, the market isn't exactly off to the races. Both charts are hitting resistance now. I remain bullish on the S&P and neutral to modestly bullish on a the DWCPF. Let's see if the bulls can push through the rough patch.
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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