The Financial Sector is doing relatively well, and the NYSE Advance - Decline Line is more bullish than yesterday.
However, the Technology Sector as represented in the above chart by IBM is bearish relative to the other sectors and may be keeping the broader market down. Energy is bullish today.
The market is staying within and in the upper half of yesterday's range with support currently at yesterday's mid-range. The market, however, is staying below its VWAP, but above its Pivot Line.
Thirty minutes before the European close, $TICK momentum turned more bullish on the double bottom pattern allowing the market to trade up and test its VWAP line.
Charles
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