Market Internals Confirmed Recent Highs

11/03/2009 9:31 am EST


Thomas Aspray

, Professional Trader & Analyst

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The uptrends from the March lows on both the NYSE Composite and the S&P 500 have been broken as they have reached next support. The NYSE new highs and A/D line did confirm the recent highs, but could form more serious divergences on further new highs. The A/D line violated its trend line but is now at support.

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