Breadth

At the last update I commented that the negative divergence in the SPY seemed corrective and we may see lateral movement, that's what we have seen since,

 Breadth in the Q's has been fairly strong since the lateral correction, it suggests to me that we still have room on the upside as was my opinion yesterday

More NASDAQ breadth, the A/D line has been strong, there's a slight dip now, but it's not anything I'm too concerned about right now. The TICK index has been rather mild today, it seems like a slow and steady move in the market. The only thing that bothers me in a market that is usually very volatile is the relative calm today, we saw that Friday right before breadth and 3C fell apart on the S&P downgrade of the US economy.