Stock Indices Continue Higher But Internals Continue To Be Weak

The Indices continued their rally after the Fed announcement last Wednesday. However, as you will see in the Briefing, the internals weakened dramatically yesterday and continued to be weak in today’s trading. Additionally, the Russell has diverged and is trading lower. The SPY and QQQ are both at critical resistance levels, if the downtrend is to be sustained. While the trend is up for now, use caution because it is a very weak trend internally.

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