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:
- The Advance Decline Line continues to make new highs
- Momentum Index has reached levels not seen since early 2010
- The Advance Decline 10 Day and 30 day MAs remain on a bull signal
- The flattened cumulative AD line to the 200 day EMA is testing it's trendline support from the last four months, but is still near the top of it normal range.
- The Advance Decline 10 Day MA Oscillator has pulled back to neutral levels
- The Advance Decline MACD line is testing it's trendline support and looks to have made a lower high
- Cumulative AD volume line is still behaving inline with the straight AD line and is well above it's 50 day MA still.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.