Stock Indices Open Strong Then Lose Momentum

The Stock Indices opened very strong today with both NYSE and NASDAQ breadth at extremes. However, price did not follow. While there was a gap up, the follow-through simply did not have much strength. During the day the internals deteriorated with the Indices closing at the lows of the day. This suggests follow-through tomorrow. If there is a lower low, monitor market breadth to be sure there is not a divergence, signaling strength, and another rotation higher.

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