I haven’t talked to Wayne Whaley… but if you do, ask him how hard it is to find something to write about when the markets are stuck in a mode like this. Until we shake out one way or another, the titles are just going to be lamer and lamer.
The Zweig Breadth Thrust indicator still has not hit overbought, so there is room to the upside. Of course that is technical talk, the FQED today trumps all as the reaction to the news is all that will matter today. Tomorrow we can pick up the technicals.
The CVI is at a nice peak:
Bulls would like to see the DPI get into the mid-70s
NH/NLs – nice
Trenders remain on the bulls side: