Sketch.. Watch out as the underlying breadth is starting to weaken $study

We still think we could get a little bit higher, but we are not liking the underlying breadth here as we climb.  The framework to build a new high is getting weaker and weaker.

Our Zweig hooked back down yesterday as the closing rally did little to correct the broad based markets’ day long weakness.

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A green tip on the CVI but not able get higher:

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This one is telling, a test of the lows.   We are getting indications that the foundation is starting to wash away. 

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The NH/NHL is still in trend-up mode:

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Our Trenders continue to send mixed messages:

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