Current market character continued to dish up and down action with a mixed closed today.
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The S&P managed to eke out a very modest gain, while the DWCPF fell for the 6th trading day in a row. Price on that index also closed just under the 50 dma. Will it hold? That's what we want to watch. Momentum remains down.
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Breadth ticked modestly higher and remains on the bullish side.
This market isn't what it used to be. We are not seeing even trading. Breadth remains okay (not great), but price is struggling to get upside traction; especially on the DWCPF.
We're still a couple of days from a fresh NAAIM reading. The action isn't terrible, but it isn't great either. I remain bullish, but how long can this market continue to tread water (especially the small caps).
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More Mixed Trading - Posted by Coolhand
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