What Will Tomorrow Bring?

Today the market was much less volatile while it gained over 400 points for the Dow, nearly 45 points for the SP500 and close to 59 points for the NASDAQ. The advance/decline ratio for the NYSE is 5 to 1 and 3 to 1 for the NASDAQ. Volume was on the light side, but the up/down volume ratio was fairly positive, 6 to 1 favor the upside for both the NYSE and the NASDAQ. Today's gain from the major indices put them closer to break above the trendline. With recent market behavior, who know what will tomorrow bring, a breakout or a breakdown. We just have to continue our watch for the market to signal which direction it will take.