A First for Market Internals

I won't bother posting all of the Price/Volume relationships, you can probably guess what the dominant relationship was, Close Up and Volume down (the most bearish of the 4 relations) across the board.

However, I was surprised to see these market internals generally and especially on an advancing day....

Today's movement came from lower than avg. volume (NYSE 717 mln, vs. 775 mln avg; Nasdaq 1570 mln, vs. 1706 mln avg), with advancers outpacing decliners on the NYSE and decliners outpacing advancers on the Nasdaq (NYSE 2364/659 Nasdaq 1820/701), but especially interesting was the new highs/new lows which were:  new highs outpacing new lows on the NYSE and new lows outpacing new highs on the Nasdaq(NYSE new highs/new lows 121/8 and NASDAQ new lows/new highs 79/22).


Even on Tuesday we didn't see new lows outpacing new highs and this is the first time I can remember seeing it since the rally started. 
As for MCP posted earlier with the great 3C chart, here's the breaking news from Briefing.com

Molycorp to acquire Neo Material Technologies in $1.3 bln deal  (25.98 +1.07)

2012-03-08T18:00:36 ET

Co announced the signing of a definitive agreement under which Molycorp will acquire Neo Materials for approximately CDN $1.3 billion. This will create one of the most technologically advanced, vertically integrated rare earth companies in the world.