RE: Market Breadth Extra
(2015-10-11, 01:16 PM)isatrader Wrote: What i see when looking at that chart is the advance decline line is above it's 50 day MA now, which it's been below since June, and the MA is also flattening. Plus the New Highs New Lows is showing a positive divergence with a higher low and moving back above it's zero line. So some positives creeping in, although the AD line is still a little under the 200 day MA.
Hmm. What do you see as the likely strongest sectors at the moment - the ones that look most like they are going to go into continuation? The thing that looks positive now is REITs - and they are stuck in a trading range so I'd not be surprised if they halted but hopefully not. I've produced my own breadth charts for gold miners, old & gas producers & miners in general and they all look bearish with no indications of turning.