Breadth is in the Neutral camp as the market continues to tighten $Study

Friday’s action sprang from decent jobs data, a Euro-fed bond buying threat, and no intervention from the USA Fed for now.   It was almost organic.   The results put our trenders on the same page today.  You will notice a theme in the charts with an erasure of our bearish divergent concerns.

 

You see the Zweig is now officially wedged with lower highs and higher lows:

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Ditto for the CVI:

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Our 40 DPI is in the same boat:

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The NH/NL ratio a 3 peat:

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And the trenders are both Neutral:

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