January 31, 2007 - Brett Steenbarger
New 20 day highs rose to 1462, but new 20 day lows also rose to 1155. Institutional Momentum bounced higher to +400, with 12 stocks in my large cap basket in intermediate-term uptrends and 5 in downtrends. In a nutshell, small caps, midcaps, and NASDAQ stocks are notably weak, but we see relative strength among the large caps. ................
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