Markets Recover on Strong Internals

Mar.10.09 | About: Aberdeen Emerging (ABE)

By Jeff Pietsch

The markets are sporting a remarkable advance supported by strong internals. A few small sparks on the tinder... Monday's decline looked more like apathy than anything else, featuring muted volume, a stable VIX, and generally balanced Up and Down Volume.

Click to enlarge:

Today, Tuesday, we see strongly advancing Cumulative Tick/ Up Volume and an Advance - Decline Line pegged near 2,800 stocks. With price already up +5.5%-plus, however, traders will be watching the higher-high/low pattern very closely going into the second half of the day.

Commentary from last night's ETF Rewind Pro "Dashboard": (Click to enlarge)