We have an improvement in a couple of the breadth indicators, but the others remain in the dangerous overbought region. I don’t think attempts at the highs are over yet.
Our Zweig showed a slight tick improvement yesterday:
As did the CVI (Cumulative Volume Chart):
The 40 DPI, however, continued to show weakening:
And our NH/NL is all done for now me thinks:
The Trenders remain in the bulls’ camp: