Bulls pick themselves up as strong volume comes into support their cause.
With another accumulation day in the books for the major indexes, our volume indicator now leans modestly in the Bull’s favor.
This is a tricky time to guage the markets. We can’t expect clarity of trend to become evidient as the market flops off a recent panic-driven low.
Bear market rallies can be extreme.
But what we really need to see to believe we’re capable of something more than just a short squeeze is solid Leadership from a secot whose fundamental outlook is strong.
Because we have no leadership candidates we need to take it slow.
We continue to have our Yellow Flag out because price and volume tell us the selling has been overdone.