Thursday, February 7, 2008

Midday Update....

Dow + 12
S&P +5
Nasdaq +5

After selling off on the open the market has strengthened. There is a noticeable change in Market Breadth this Morning.

On the NYSE:

Advancing Issues 1733
Declining Issues 1283

Advancing Volume 444 Million shares
Declining Volume 305 Million shares

Today is setting up an important inflection point. We are severely oversold and need to hold up here. How we close is critical.

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