Mid-day market internals are grinding to a stalemate

After two days of strong upside market action, intraday market internals appear to be slowing to a mixed day. Advance/Decline and Up/Down volume ratios are flat at .91, 1.11, respectively, while TRIN has settled in the .85 range.

However, daily market internals remain strongly bullish. Daily NYSE new highs on Tuesday hit 547, a new high, while new lows were a mere 12. Cumulative breadth has also maintained strong confirmation of a continued uptrend in the markets.

Sector Update:

Strong: homebuilding, steel, drug retail, paper products, building products, construction, forest products, motorcycles, home furniture

Weak: diversified REITs, retail REITs, railroads, autos, systems software, personal products, fertilizers & chemicals, agricultural products