Guy S. Ortmann, CMT | Oct 20, 2017 10:02AM ET
The indexes closed mixed yesterday with some fractional new closing highs achieved with positive internals on the NYSE while NASDAQ internals were negative. Volumes declined on the NYSE advance as volumes rose on the NASDAQ decline. The charts are a mix of neutral and positive trends as the data is giving no consensus of near term market propensities at this time. While some uptrends remain intact, historically high valuation and what we see as a possible weakening of market breadth suggest to us that the markets should be approached with some degree of caution. It suggests any earnings disappointments will not be treated lightly, in our opinion.
More Fractional New Closing Highs
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