Nasdaq new yearly highs 59 versus new lows 12, NYSE is 57 to 14, the kind of ratio we haven't seen in a while. TRINNQ down at .55. That is the bullish case. But VIX and VXN working on a bid. Advance / decline lines are solidly bullish for now. Economic news is somewhat supportive, with no pick up in inflation. The oil bid is not helping NQ as are all those calls at QQQQ 39. Option sellers are trying to push the Q's down.
This entry was posted
on Friday, June 30, 2006 at 6:50 AM.
