Trading Signals

Overall, the sentiment cold be considered positive for tomorrow's trading session. The Nasdaq 100 has broke its January 22nd high which could be considered as a good confirmation of bullish sentiment. S&P 500, DJI and Russell 2000 are close to break their highs as well.

Another positive sign that would favor bulls on the current stage is that the last two trading sessions' up-move did not generate any strong volume surges and we did not see any high advance/decline readings on the NYSE Composite and S&P 500 indexes. Therefore, we may assume that there are no overbought signals despite strong rally up we had during the last two days.

Another bullish sign is the decline in volatility which is usually associated with confident and positive trading of the bulls.