TheStreet RealMoney
This Market Can't Make Up Its Mind

By Helene Meisler

About this article:
Well, at least we got our up day. And I suppose the good news is that the put/call ratio was relatively high on Friday. But if I had to pick on something -- and you know I have to -- it is breadth. Yes, me who has been praising breadth for nearly a month now didn't like the action in the breadth. It was rather light for such an up day. Here's an easy comparison: On Wednesday of last week, the S&P 500 was up 1.25 on the day, next to nothing really, and breadth on that day added 905 issues. That was impressive and healthy. On Friday, the S&P tacked on more than 6 points and breadth added a mere 570 issues. Unimpressive, although we can't quite call it unhealthy. Keep in mind that when breadth is good the indicators tend to have a positive bias;...

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