IWM
Dow
Sp
Summary
Yes, the Rus'2000 (and transports) are still failing to break new highs), but the rest of the market IS breaking upward.
I can just imagine, next week, the clown networks will start focusing on the next Jackson Hole appearance of the Bernanke, where he'll doubtless say he will 'do what is necessary', even though that might mean doing nothing, but that's still bullish, right ?
The question now has to be asked, was the early June low of sp'1266 the low for the year? There are plenty of 'pros' out there who are still touting sp'1500/1600 by year end. Right now, it has to said, they are the ones on track.
Maybe a little more later