Stocks Retrace Yesterday’s Decline

The Stock Indices moved higher today at the open supported by stronger breadth. The key will be to see follow-through on Monday and a continuation of strengthening breadth. If there are higher prices with weaker breadth, it will be a signal of weakness coming into the price move. Volume declined today over yesterday’s selloff. Alternatively, if there is another move to the downside, it will be critical for volume to increase and breadth to weaken significantly.

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