Bull Party Continues - Posted by Coolhand

The bulls put up big gains last week, up 4.67% on the C fund and up 7.52% on the S fund.

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Both charts sport fresh all-time highs. Momentum is moving higher.

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Breadth is starting to stretch it out to the upside. The chart is obviously bullish.

The TSP Talk sentiment survey saw participants get bulled up this week after being neutral last week. NAAIM is modestly bullish, but perhaps more important is that they are not showing much inclination to short the market. Just don't forget they are not as bullish as they've been, so we don't want to get complacent.

How high can this market go? That's a question many traders are wondering. It's all about liquidity and we're hearing that liquidity is being injected into the market (to this point). How long it plays out is a guessing game, so we might as well take advantage of the rally while we can. I remain modestly bullish.
 
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