Market Monitor

• The expected short squeeze arrived.
• Looks like barring DJ all other index are forming a small range here and action will be choppy.
• The volume and number of breakouts was low for the move to be meaningful. A 250 plus breakout would signal a week or two of strength.
• The stocks down 25% or more in 65 days is climbing and at 371, indicating deterioration in strength.
• The Dow Jones and large cap stocks continue to attract buyers.
• The "Value Gang" is on buying spree, so obviously they feel the market is not overvalued, while the perma bears continue to insist that it is. Who is smarter?