Market internals quickly improving (SPY 141.83 + .67)
Market internals are improving despite the morning confusion about employment economic reports. A rising Nov. nonfarm payroll report seems to lend more support for a soft landing. Also, a spiking Dow component Citigroup (C 52.48 +1.80) is breaking above its previous 52-week high supporting the S&P.
Advance/Decline & Up/Down Ratios: 1.48, 1.48
TRIN: .99 falling
Sector update:
Strong: investment banks, computer & electronics retail, coal & consumable fuel, drillers, construction & farming, paper packaging, education svcs, airlines, industrial machinery
Weak: independent power producers, specialty consulting svcs, wireless svcs, home entertainment software, trucking, health care distributors, homebuilding, explorers, brewers
Advance/Decline & Up/Down Ratios: 1.48, 1.48
TRIN: .99 falling
Sector update:
Strong: investment banks, computer & electronics retail, coal & consumable fuel, drillers, construction & farming, paper packaging, education svcs, airlines, industrial machinery
Weak: independent power producers, specialty consulting svcs, wireless svcs, home entertainment software, trucking, health care distributors, homebuilding, explorers, brewers
