Back-to-Back Bursts Leaves Hope (and Questions)

Did we bottom or is there more work to do?

Technical Edge

• NYSE Breadth: 82.9% Upside Volume (!)

• NASDAQ Breadth:  91.4% Upside Volume (!!)

We have back-to-back days of 80%-plus upside volume in the Nasdaq, with one of those days being a 90%-plus volume day. That typically gives us reason to perk up and wonder if the coast is clear. Unfortunately we couldn’t get the back-to-back days in the NYSE, whi…