Our breadth is really not looking good now and strangely enough, that might just be bullish. Our trenders remain split, one bearish and one bullish, so we sit at the crossroads here.
The Zweig gave us an ominous downturn on Friday, which has us a little shaken in a bull stance.
CVI has something to prove here with that little neckline:
Our 40 DPI looks much the same:
Our NH/ NLs are just phenomenal and continue to climb higher. That has the bears just shaking their heads.
The Trenders, as previously stated, are split here. Our McCSI remains bearish, telling us there continues to be a weakening in the underlay accumulation. The New High / New Low is telling us there are still enough grade A stocks to carry this market higher.