Yesterday was a pretty interesting day. Typically, over the past few weeks, the breadth has been even worse than the indices, but yesterday was different. According to our friends at Lowry’s technical service (www.lowrysondemand.com), despite the sharp drop in the indices by the end of the day, more than 50% of NYSE component issues volume and price on the day was higher – in other words a small positive divergence for a change.
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