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 and the McClellan Oscillator and Summation Index.
Notes:
- Cumulative Advance Decline Line - closed the week below it's 50 day MA
- Advance Decline Momentum Index - near the April swing low
- Cumulative Advance Decline Line 10 and 30 day moving averages - had a negative crossover this week to give a medium term sell signal
- Cumulative Advance Decline Line - the detrended distance above the 200 day EMA chart shows the November to May uptrend is over and it is now in a short term downtrend
- Advance Decline 10 Day Oscillator - rebounded off of it's extreme reading of over -800 last week and formed a short term higher low
- Advance Decline MACD line - continues to move lower below it's zero line and so is currently on a sell signal
- McClellan Oscillator - is making similar moves to the Advance Decline 10 Day Oscillator
- McClellan Summation Index - has continued to move lower towards it's zero line.
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.