$VIX and $VVIX both pretty uncorrelated with $SPX. Can be an indication we're reaching an inflection point

NKE follow up - more volume would make a better case for this move out of triangle

Careful here, DJT fans. This one is in jeopardy of a MACD Kiss/SS Sell. Not saying it won't recover, just that the current picture would improve a lot if it did. MA support is a help. He's been in worse spots and come out looking fine.

Second chart shows a more encouraging view.

Wow, that one really played out well, Steve

BRCC follow up - textbook overthrow undertow

RIOT dipping a toe into red water

$SPXMO - back above lower band after closing outside it yesterday. Note positive divergence on CCI. $NAMO and $NYMO similar

I think it'll be a yawn

HYG diverged higher today against $SPX. Prior to today it had been diverging lower. Note on the daily it bounced back above the 50 ma

NKE - tight triangle on the daily, been moving sideways for last 20 months on the weekly

LOGC- low volume, 17% short, probably someone's plaything, but it's coiling

DG - I guess earnings disappointed

DFS- should get a reaction bounce at the line then we'll see

Very nice, thanks for that view, Matt

ADBE - gift that keeps on giving. Fell into a gap this morning as well as a pretty deep low-volume air pocket

• Sorry, was dealing with an insurance adjuster, so could only give cryptic answer. I use breadth as a peek below the hood of the market. It can provide a view into the underlying strength or weakness of a move, but it is secondary to price. Still, when there is a gap down like this morning with positive breadth, it can cast some doubt on the amount of follow-through to be expected. The bottom panel is where you can see the conviction of a move. 2:1 or 3:1 ratios are fair. Ratios of 5:1 to 8 or 9:1 show strong conviction

                                    reply                                                                          

Sorry, was dealing with an insurance adjuster, so could only give cryptic answer. Here is a definition of volume breadth: Volume breadth is often measured using the Up/Down Volume ratio, which compares the volume of stocks that are rising to the volume of stocks that are falling. A high Up/Down Volume ratio indicates a bullish sentiment, while a low Up/Down Volume ratio indicates a bearish sentiment.

The bottom panel in those charts shows the ratio of up volume to down volume. This can provide a view into the underlying strength of a move, but it is secondary to price.

Volume breadth positive so far

BRCC follow - broke out eod, now back within the wedge. Could be one of DigiNomad's wedge throwover candidates. We'll see

More likely, he has a godlike wig and excellent wigdressers