Cloudy Picture from Market Internals

12/10/2009 9:41 am EST


Thomas Aspray

, Professional Trader & Analyst

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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.

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