Stock Indices Surge. Market Breadth Is Tepid

Price development in the Indices continues higher. While the NASDAQ is still lagging, the other Indices are showing strength. Stocks closed the day at their highs, suggesting they want to trade higher tomorrow morning. If that occurs, monitor breadth carefully. Also, over the last few days, up volume has been declining. This could be a possible warning of some weakness developing in the internal structure of the rally. If breadth is weaker tomorrow on higher prices, use caution. On the other hand, if breadth is stronger than it was today, the rally should continue.

DAILY BRIEFING 210315 from Joe Mertes on Vimeo.

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