RE: Market Breadth Extra
(2014-05-10, 12:31 AM)isatrader Wrote: Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.
Re. the summation index, I have done some reading up on this so I get a better understanding of it. At its core it is best on Net Advances.
The one you posted, based on the NYSE, looks quite healthy.
I have also looked at the NASDAQ one, which unless i'm looking at this wrong, is showing a negative divergence. Check the chart linked below where the summation index sinks to new lows yet the NASDAQ index holds up an consolidates. The market breadth isn't confirming the price of the index.
http://stockcharts.com/h-sc/ui?s=$NASI&p=D&yr=0&mn=8&dy=0&id=p92508214791&listNum=30&a=205736227