Advance Decline Breadth Charts
Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator, NYSE Volume Advancing / Volume Declining Ratio etc.
Notes:
- Advance Decline Momentum Index - beginning to diverge from the price action
- Cumulative Advance Decline Line - the distance above the 200 day EMA chart shows a lower high and a loss of momentum, however, it is still notably higher than the same point last year and has not yet made a lower high.
- Advance Decline 10 Day Oscillator - is showing a divergence
- Advance Decline MACD line - has put in a lower high and has broken below the February lows
- Advance Decline Volume - the alternative measures are showing the same signs as the straight advance decline data, but the cumulative line made a new another new high this week.
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