Daily Report : Sentiment cycle is "discouraging"; Stocks struggling as breadth recovers

If stocks follow a typical Sentiment Cycle, then we've passed the "panic" phase and should be in the midst of months of "discouragement." But we've already seen the signs that are more typically seen at the end of the cycle, not the beginning.; The High Low Ratios for the NYSE and Nasdaq have recovered to move above 50% for the first time in months, following extremely depressed readings. That has also caused the HiLo Logic Index to curl up, and recent thrusts are not due solely to "little mover" stocks.

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