Tuesday, November 10, 2009

11.10.09 - Negative Sentiment

Most internals are aligned with our Daily Market Sentiment reading, which is to say, negative.  However, in spite of the weak internals, price is holding up relatively well with the SPY holding its daily pivot at the mid-day.  That said, Small-Caps are doing very poorly (IWM -1.19%), presumably on less dollar loss prop, and I can't think that augers well.

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