Breadth not exactly excited..

We could not hold a follow through day as the markets sold the highs hard based on continuing Europe unraveling news. 

 

Our Zweig did manage to hold above the 40 level, completing Day 1 and starting Day 2 today.  If we can not pick up and run hard today we should be back in oversold sub 40s.  A little sooner than we expected.

 

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Our CVI turned back to negative:

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Stocks above their 40 DMA did manage to improve however.  That is a green chute for the bulls.

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But the NH/NL ratio is a disappointment for the same species.

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And as for our trenders, they continue to stubbornly remind us the danger of calling bottoms:

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