Stock Indices Grind Higher. Market Internals Deteriorate

Once again, the Stock Indices ground higher in today’s trading. While price is moving higher, the market internals are declining. Most concerning is volume. Both total volume and net volume are declining, along with a divergence in breadth in both the NYSE and NASDAQ. Finally, the Russell is lagging the other Indices. In the past, it has signaled a turndown. If it cannot begin to move higher, it could suggest some type of lower move.

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