Breadth continues to hold this market up as we keep peering under the hood looking for weakness. When it does pop up, it is usually taken care of in a day or two. This market is not ready to give in yet.
The Zweig remains strong, if we get an oversold, that would be truly amazing:
The cumulative volume set a new post-June High:
The 40 DPI is one of those trouble areas to focus on. It would be nice to break into the 80s:
The NH/NL is chattering away. It would also be nice to see this pop into the 90s which would probably trigger a reversal. For the bulls, right here is just right:
Our Trenders Remain BULLISH on both cylinders: