RE: Market Breadth Extra
As I am beginning to learn, it appears the Nasdaq Adv/Dec line (NAAD), turns earlier than the NYSE Adv/Dec line (NYAD). In 2007 the NAAD hit it's high in Feb and began to turn down but the NYAD didn't hit it's high until early June. The SPX fought on and made a new high in October and then turned down. So, the reading would be this is a potential negative for the market. How do you interpret the NAAD vs the NYAD?