They are trying to run this market higher here early but I've got to tell you, when I post these numbers at night and look through the internals, the internals are negative and getting worse, not better. I'm still holding onto the thought that we are seeing a topping process. Timing it is a different animal but it is happening. The more I look at the bigger picture, the more I am beginning to believe that the highs we see on this April through July move (August if it carries that far) are likely to be the highs we see for the year. More on this thought in an upcoming Naked Trades article.
The bias this morning is mixed but if we don't catch a second wind soon it will turn negative.
The bias this morning is mixed but if we don't catch a second wind soon it will turn negative.
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