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 and the McClellan Oscillator and Summation Index.
Notes:
- Cumulative Advance Decline Line - has pulled back to it's 50 day MA and rebounded off of it to move a little bit higher over the last few days
- Advance Decline Momentum Index - near the April swing low
- Cumulative Advance Decline Line 10 and 30 day moving averages is on the cusp of a potential crossover to the downside. Which would be a an intermediate term signal as you can see from the previous arrows on the chart
- Cumulative Advance Decline Line - the detrended distance above the 200 day EMA chart shows a breakdown below the last few months range lows
- Advance Decline 10 Day Oscillator - reached an extreme reading of over -800 on Wednesday and has since rebounded taking off some of the short term oversold state it showed
- Advance Decline MACD line - has broken below it's April swing low and is close to the zero signal line
- Advance Decline Volume - the alternative AD volume measures are showing the same signs as the straight advance decline data
- McClellan Oscillator - reached an extreme reading below -100, which was lower than it's November 2012 low, and has rebounded
- McClellan Summation Index - has broken below the April swing low
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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.