Guy S. Ortmann, CMT | Nov 17, 2017 10:17AM ET
All of the indexes closed higher yesterday with positive internals on the NYSE and NASDAQ as NYSE volumes declined from the prior session while NASDAQ volumes rose. Three of the index charts saw some improvements as did some of the cumulative advance/decline lines. The data has turned largely neutral from yesterday’s positive signals while the forward 12 month earnings estimates for the SPX from Bloomberg were raised thus moderating valuation to some degree. At this stage, the near term trends of the indexes remain mixed as we continue to suggest they be respected for their individual implications.
Charts And Breadth See Improvement
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