Stock Indices Rally On Weak Internals

Stocks sold off on Friday as a result of the Federal Reserve speak and rallied on Monday for the same reason. While there was follow-through today in price, the market internals were diverging greatly. This gives me concern over the continuation of the rally. However, if there is a higher high tomorrow and the internals are strengthening, then we will likely see new highs. However, without internal strength, use caution.

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