Cobra's Market View

Cobra,

You mentioned you don't see a red flag with the SPY institutional MF (selling on strength). What UP/DOWN ratio DO YOU see as a red flag?

Thanks.

Unless I missed it I haven't seen any mention of NYADV vs. NYDNV. Any thoughts out there?

http://stockcharts.com/h-sc/ui?s=$NYADV ... 2033346887

or

http://stockcharts.com/def/servlet/Favo ... 79]&disp=P