Stock Indices Tend to Appear Breaking Out

The Stock Indices improved somewhat over the last few days. The Russell has caught up with the S&P and NASDAQ. However, the Transports are still lagging the Industrials. Volume seems to be recovering and market breadth is not signaling weakness, at least not as of today. The key will be the short-term support and resistance levels outlined in the Briefing. If broken, they will give the next move. If the break is going to be to the upside, it needs to happen soon. Watch the highs of the 27th for a break. The internals should confirm the move.

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