Bull Train Picking up Steam? Posted by Coolhand

The rally continued today, with both the C and S funds picking up significant gains by the close.

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Price is putting more distance between it and the 200 dma. Price on the DWCPF doesn't have the same amount of time above the 200 dma that the S&P does, but I don't think that will be an issue. The S&P has often led the market, which makes sense given the serious apprehensions among "pros" about the sustainability of this market. Just remember, fundamentals really don't matter, but printing presses and algorithms do.

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Breadth continues to shoot upward and remains bullish.

We might get a pullback at any time now, but with all of the seriously bad news out there we might not see much selling in the short term either. Remember, NAAIM got bullish just a few days ago.

I remain bullish.