Breadth is holding up well despite the loss of both volume and momentum which are the current enemies to the bull run. Breadth remains steadfastly bullish.
The Zweig put in a positive day yesterday and we want to watch that 57 area.
The CVI continues to slowly push higher inside its upside channel:
The 40 DPI has had two down days caused by lack of price movement with upside 40 DMA momentum. In other words, the 40 day moving average on stocks is starting to overtake more and more stocks as they don’t move.
This NH/NL index continues to impress and is showing signs of falling into a sustainable trend:
Our trenders are both on the bullish side:
