The Bulls Appear to Have Control - Posted by Coolhand

The tug-of-war continued (no surprise) today as the S&P 500 and Wilshire closed near the neutral line.

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The charts remain bullish overall despite the volatilty.

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Breadth dipped, but remains bullish.

NAAIM got more bullish this week. I suspect that when the 200 dma held, they saw that as proof that the bulls had control. There is not much shorting going on with this group. So, they are solidly bullish.

I am moving from neutral to modestly bullish to just plain bullish.
 
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