Today was a handy solid for bulls as buyers kept things on the move after some light downward action. It's summer trading, but as long as the trend is higher it's all good. Technicals for all lead indices are net bullish.

Bulls are using the 20-day MA as pullback buying opportunities, but we are currently in a rally phase. There is no reason to read too much into current action.

Likewise, the Nasdaq is in similar bullish mode with two days of accumulation under its belt. There is no cause of concern for bulls and little on offer for shorts.

Bitcoin kicked on in solid fashion as it prepares to move out of its 3-month consolidation, even if trading volume was a little light. Technicals are net positive.

I'm not expecting too much change in the coming weeks. Markets seem to have brushed off Trump's idiosyncrasies, so unless there is a big change there, bulls should be able retain control.

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