Cobra's Market View Private Messaging System shows:
OK, very very bullish Monday still is alive. The good news is the so called 2nd Major Distribution Day (NYDNV:NYUPV > 9) was cancelled by today’s Major Accumulation Day (NYUPV:NYDNV > 9).
The bottom line, as mentioned in 02/12 Market Recap, the new moon and the not so bull friendly seasonality for the rest of the week will be the real test for the bulls. Let’s see if bulls can show us more strength.