The market's action on down days continues to show underlying improvement, while the action on up days is still lagging. For example, breadth on Friday was a net plus 345. This on a day when the
was up 13. Seven trading days earlier, the breadth was plus 345 and the S&P was down 8. This tells us that there continues to be improvement when stocks are down, but that they are not quite in gear on the upside yet.
New Highs and New Lows
Cumulative Advance/Decline Line
Helene Meisler, based in Singapore, writes a technical analysis column on the U.S. equity markets on Tuesdays and Fridays, and updates her charts daily on TheStreet.com. Meisler trained at several Wall Street firms, including Goldman Sachs and Cowen, and has worked with the equity trading department at Cargill. At time of publication, she held no positions in the stocks mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. She appreciates your feedback at