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July 27, 2010
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For the original article with charts go to
http://blog.onislandassetmgmt.com/?action=view&url=going-up
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Lots of the breadth indicators we follow have improved significantly over the past week, but this one sums it up the best. After stalling out since the correction began at the beginning of May, we're moving higher once again:
After the kind of move we've seen the past few trading days we are due for some consolidation. Don't let it scare you. The bulls once again have the upper hand and will continue to do so while the markets remain above last week's lows.