The Dip Buyers had a good day today. However, the internals were not as strong as they should have been based on the price development. Therefore, it was a weak rally. While volume was up in the NASDAQ, MSFT, META, and QCOM made large moves all on high volume. Market Breadth was negative to barely positive. It will important to see how the Indices close tomorrow going into the end of the week and end of the month. Based on the weak internals, I cannot lean toward suggesting this is the beginning of a strong rally. That could change tomorrow, but the internal structure of the Indices will tell all.
