Wednesday, February 28, 2007

Modest Plus Signs

And that's a good thing. BUT I'd like to see breadth improve. It's not terribly negative but as of 10 a.m...

At the NYSE declining issues still hold a roughly 17 to 13 lead over gainers, while at the Nasdaq decliners have advancers beat by margin of 17 to 10. Those numbers need to improve, or we'll have trouble later in the afternoon. No? If breadth turns positive that will be a great bullish later in the day and especially so if VIX can go back toward the 15 mark.

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