Cloudy Picture from Market Internals
12/10/2009 9:41 am EST
Still no resolution of the mixed signals from the market internals as it may take two consecutive sharply higher—or sharply lower—days to signal either a move higher for the S&P to 1135-50, or a move lower to 1020-40. The NYSE new highs are still diverging from prices, while the A/D line barely confirmed recent highs. The NASDAQ, however, is much weaker.