Thursday, November 30, 2006

Mixed economic picture keeps market internals flat

This morning's market internals have remained flat reflecting the obsession over a mixed economic outlook. A hung jury remains whether inflation is still a threat. Will the Fed drop rates, have we reached a critical inflection point in the earnings cycle, are lower interest rates in the cards...remains the question du jour. Continued whisper talk argues a halt to the homebuilder decline due to lower interest rates.

A/D ratio : .93
Up/Down Vol ratio : .97
Trin: .95 (and rising)