Rally Check-Up: Clean Bill of Health

A quick look at some internals we follow which help us gauge and evaluate market trend…

via Kevin Lane of FusionIQ:

  • A whopping 934 new highs were made in yesterday’s session to only 278 new lows.
  • Advancers far outpaced decliners, as did up to down volume ratios.
  • New post 2008 highs, on the INDU, SPX & CCMP
  • S&P 500 Equal Weight Index (SPW) makes new post 2008 high
  • AAII Bull Sentiment Survey had only 19.3 % bulls, lowest reading since March 5th 2009

And a look at the New Highs / New Lows list, which is back on the right footing after a few weeks of not really confirming the market’s bullish price action:

new highs

Source:

Fusion

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