Bulls Notch Another Positive Week - Posted by Coolhand

The bulls ended Friday and the week in positive territory. The DWCPF continues to lead the way.

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It was a bit of a roller coaster on Friday, but the bulls pushed price higher by the close. In fact, price rallied rather hard in the final minutes of Friday's trading session. Momentum is still positive. We can also see that price remains well above the 50 dma on both charts.

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Cumulative breadth has been largely sideways for a few trading days now, but the signal is still bullish.

The TSP Talk sentiment survey saw a drop in bullishness and now more neutral that bullish. However, NAAIM is very bulled up heading into the new week.

Futures are positive (so far) this evening. We may be in for more of the same boring upward bias .

I remain bullish.