10.18.10 – Mild Positive Bias Waning

Although internals are mildly positive, we are also seeing a pattern of lower highs and waning momentum on OB intraday readings.  In particular, note weakness in the Semi’s and lagging new participation in the 52-week hi/lows.

Related posts:

1. 10.15.09 – Mild Recuperation Belies Weak Internals
2. 10.21.09 – Positive Sentiment Prevails
3. 03.29.10 – Positive Range Trade
4. 09.10.08 – Positive Prices on Negative Tick
5. November Expiration Friday & Holiday Effects