Guy S. Ortmann, CMT | Sep 19, 2014 10:17AM ET
The markets closed higher with some new closing highs being achieved while other indexes continue to lag. As such, the split performance of the indexes continues. While internals and sentiment remain a concern, the large cap indexes remain in uptrends with the McClellan OB/OS Oscillators neutral across the board. As such, those uptrends remain intact. However, given current valuations, poor breadth and sentiment, we still believe some caution is warranted as advances become increasingly selective.
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