The majority of the a.m. session has been spent above the Volume Weighted Average Price. Speaking of which, volume is the lightest we have seen since mid-January (14th). Cumulative Tick is slowly grinding higher, suggesting underlying strength. However, I’d like to see the slope of the Advance – Decline line pick up. Semis are doing very well, but the Financials are holding back. Lastly, here is a nice piece by Rob Hanna.
