The markets have just been jerked around for the past few weeks by the US Congress. Come to think about it, so have we. This gap up this AM into liquid markets has us concerned… we want some “honest” charts and we may not start getting those until tomorrow.
What we see here is a better looking Zweig:
Decent CVI… this chart for tomorrow will be very interesting:
Our 40 DPI is looking great:
New Highs / New Lows looking perfect:
Friday’s closing action was not enough to change the readings and they hang right on the bear line for the McCSI.