Market Internals Collapsing

Market breadth in the NYSE, coupled with more down volume, are not the internals that make for a strong rally. In fact, in the NASDAQ, both breadth and net volume were negative today, while the Index pushed higher. The Russell, Industrials and Transports are all turning down, but not impulsively as of yet. Unless the internals begin to strengthen, the risk of another decline is increasing.

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