Everyday we say we are bullish and the market moves in fits and starts. It has been weak at best. For day trading on the long side, the afternoons have presented some great counter-trend day trades, but these buying/covering rallies never seem to be able to start anything more protracted.
Our Zweig, as a lot of today’s charts will show, took a little green hook higher:
50 DPI staying strong:
NH/HL looking ok for a bull resumption:
And those trenders still saying long: (We need to watch the McSI Today, we could be neutral by tomorrow)