Market action continued to
demonstrate good breadth (advancing versus declining issues), prompting us to hold about 1 % of assets in index call options on that basis, but the overall price - volume behavior still appears more consistent with a standard bear market rally, punctuated by periodic short - squeezes like we observed on Friday.
«If you look at the percentage of companies in the tech sector above their 200 - day moving average, it's actually some of
the best breadth we see across sectors.»
At cross-country pace, the chassis has
a good breadth of ability, with the softer settings allowing better ride comfort and some body movement, and Sport tightening things up to a level of body control unknown even by the previous - generation Golf GTI.
Thus far, we've got a strong rally off the recent trough, with uninspiring sponsorship but
good breadth, reasonable but not strikingly attractive valuations, and an overhang of increasingly distressed mortgage and non-residential debt that looks like Armageddon Part II in the offing, because we are doing nothing to restructure it.