Ho-Hum, More Gains - Posted by Coolhand

Back on November 16th I said...

"I have a hunch that this market could get silly to the upside. I can't predict it, but I would not be surprised with a rally that has even the bulls shaking their heads. I'm looking forward to seeing how this actually plays out."

Today, we got yet another rally on top of the gains over the past 3 plus weeks. Admittedly, the DWCPF has been outpacing the S&P 500 during this time, but up is up.

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That ramp from early November on the DWCPF is certainly impressive. So is the S&P, but it doesn't sport as much gain as the DWCPF. Momentum remains bullish. Remember when I said not to get too concerned about the DWCPF getting overbought? It's now been more than 2 weeks since it entered overbought territory.

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That's quite a ramp on the NYAD too. It's about as a bullish as I've ever seen it.

I know it's hard to believe this market, but the market environment supports what we are seeing. Now we know why NAAIM got bullish. And this is not unusual for this group of money managers.

I remain bullish.