S&P 500 Breaking Out? Posted by Coolhand

The bulls tacked on more gains in the C and S funds last week, though the gains for the S fund were on the modest side.

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We have a fresh all-time high in the S&P 500. The DWCPF is not far behind, but it is struggling a bit.

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Interestingly, breadth has been struggling the past week or so as well. I'd say there is a rotation in progress, but I don't monitor stocks to the depth like I once did. I'm just looking at the big picture and focused on price, breadth and smart money.

The TSP Talk sentiment survey remains bullish, but not as bullish as they were last week, which is somewhat interesting given that the smart money remains heavily bulled up. It's just an observation, so don't read too much into that.

I remain bullish.