Indices Higher. Internals Lower

The Indices rallied into the close today. However, the Russell was lower. Volume was lower. Breadth was lower. Finally, the percentage of stocks above their 60 day and 200 day moving averages were lower as well. This all suggests a Market that is falling apart internally. However, there is two news events tomorrow that can change the perception of value and the internals could strengthen to support current prices. Use caution. Tomorrow could be quite volatile.

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