Breadth appears to be about as stretched as it can get without some relief over the next week. It won’t take much to bring the numbers back down to norm and, as a word of caution, we could get higher prices while it is doing it!
Our Zweig is in the 64s now:
The CVI is too far away from its 15dma without a correction:
This should scare the bears a little more: on a strong move we can often get the number of stocks above their 40 DMA to 90%+ so there is still room here for improvement.
For the New Highs / New Lows this is about as good as it gets:
The Trenders: Both are bullish.
