The Indices Need a Bit More Work...

As bullish as the markets may seem, they still have room for improvement. Yesterday's close across most of the major indices (except for the Russell), were mostly indecisive, with some of them pointing more toward a negative bias. The only positive aspect was that volume was significantly lower, indicating a low volume pullback (on both the DJIA and the Nasdaq).

DJIA

NASDAQ

Russell 2000

S&P 500