Are Internal Market Cracks Turning Into Chasms?

Are Internal Market Cracks Turning Into Chasms?
// Zero Hedge

Via Dana Lyons' Tumblr,

Recently noted deterioration in market internals appears to be getting worse, as evidenced by this rare divergence in the Nasdaq market.

One of the hallmarks of our intermediate-term Risk Model that helps orient our investment posture toward equities is breadth, a.k.a., internals. Internals measure the level of participation in the stock market, e.g., how many stocks are advancing versus declining, the number of new highs versus new lows, etc. The more participation there is, the broader the foundation for a market rally – and the more comfortable we feel being aggressively invested.

In recent weeks, we have ...

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