From Friday’s action, we have breadth wanting a little upside.
Our Zweig is up and over the 40. That starts a Zweig thrust countdown. We would like to see it go back below 40 again, however, for a 2nd countdown. We don’t think this market is ready to rip another bull run just yet. We need to see a little floundering first.
The CVI not as excited as the Zweig:
The 40 DPI is making a turn of its own:
Disappointing on the NHs/NLs. If we can keep this gap, we should see a nice +25 on today’s reading:
Our Trenders remain bearish. Surprise…