Dramatic improvement in breadth

In last two weeks the breadth as measured by T2108 : % stocks above 40 Day Price Moving average has seen a dramatic jump.

From a low of 19.03% of stocks above 40 Day MA on 06/16/2011 today it has reached 77.56. That is a very sharp move.

Buying has been very aggressive. You will see that in the Market Monitor data.

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