Market Internals continue to suggest that there is nothing wrong with the health of the advance in equities. Whilst the major market indices have yet to break to new multi-week highs, market internals indicators (namely the NYSE advance decline line and the 200 day moving average ratio) have already done so. Market internal indicators are very important because they usually lead the major market indices into bear trends. We don’t know how far the rally in equities will go…..however, we suspect that the rally in equities will continue to surprise the vast majority.
