Wednesday, August 5, 2009

08.05.09 - Up Volume Building

After the initial ISM/ADP decline, I noticed that Up and Down Volume really kept fairly good pace with each other in spite of the dour price action. The spread has been building as the Advance - Decline line has coincidentally flattened, though I'd still like to see stronger Cumulative Tick before committing anything to the long side. The VIX has risen a touch, but remains in the 25 handle. Addition: Forgot to bring attention to XLF, up nicely on the day. Also, 52-week new highs - lows is peeling back for the second day in a row.

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