Our rally continues but one of the concerning breadth indicators the Zweig continues to fail in it confirmation. The A/D performance is just been choppy failing to send the Zweig into its overbought status, a sign of missing market breadth. We haven't had one of those all out days here with a closing 9:1 type A/D line that show real bullish sentiment. It is apparent in the price action too as each new high is followed by a period of consolidation instead of follow through.
We may break out here, in which case the A/D lines should improve and get our overbought Zweig or we could just exhaust. Either case the A/D lines need to show improvement from here on out to make me a believer in better things to come (1121).
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