*~1Best~* Market Timing & Trend-Signals

[*~1Best~*]

Volume is very good, now market needs to support stocks to bring back confident on the market.

The gap fade is alright, but the real test is close.

DOW 13000 is not far from here, but we need to see big funds supporting stocks, not fading into good price actions.

Breadth during the morning gap was excellent.

Issues NYSE Nasdaq
Advancing 2,413 1,990
Declining 433 622
Unchanged 126 109
Total 2,972 2,721
Ratio
Advancers
to Decliners 5.57 3.2

It looks to be bear hedge funds are knocking down some good performed stocks trying to fade the breakouts, FOR EXAMPLE, EBAY, so bulls need to defend the move to show confidence.

If bulls want to prove, bulls will support the price actions.

As noted before, Money flows on major markets were showing positive divergences.


Just not an easy market to be totally bullish.

Yes, MSFT is also supporting the market while INTC is weak.

GOOG is trading above the resistance 480 as noted and below 491.70 R so it is trading as anticipated.

Again, bulls will support market if they want to bring back confidence.

Have a great day