I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Thursday, January 27, 2011

Another Divergence is still Diverging

Like I was showing a couple of weeks ago in Another Divergence, the breadth keeps decreasing in this rally.

There are some good earnings coming in, but they are being carried by fewer names. The rest of the market is lagging. And more and more issues are not confirming this move in the headline indices.

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