As of 2pm Friday, a look at the ichimoku cloud charts (from Jan 2010) shows that none of the indexes have broken; i.e. all are above their support zone:
DOW:
For those of you old enough to remember what a bear market looks like, here is the cloud chart of the S&P500 since 2007:
Relative to the bull-rush of the past of the past 6 months, individual names do appear to have either broken down, or seem to be teetering on the edge:
MRK: Merck
ODP: Office Depot
DPS: Dr Pepper Snapple
In that imaginary future, when the market tide goes out, names like these should be left high and dry.
