Our shortest-term measures continue to wallow around in neutral territory, and they still show no clear edge in either direction. |
Seemingly excessive optimism from wrong-way odd lot traders suggests we need a breather here. |
The more volume going into up issues, the lower the TRIN is going to be. There has been some buying pressure. |
The true historic extremes we saw over the past week or so lent a lot of credence to the likelihood of higher prices over the next 60 to 90 days and beyond. But I am very troubled by the inability of the broader market to rally in the face of these readings. |