Whilst it was pleasing that Advances exceeded Declines 1770 to 1672,on the NYSE, we need to remember this is the 5th straight positive day on the NYSE yet the Advance Decline Line still sits below the 30 Day Moving Average at 61,964 to 62,971. The Advances only need to exceed the decline by about 1,000 for a positive sign to be given, but this may still be a tough ask given the last 5 trading days have all been positive. I think the next few trading sessions are going to be very telling on whether we have completed a small correction or are still in a correction. Perhaps a little caution until a clear sign is given may be worthwhile. Regards Buffett
