Chart of the Day: S&P 500 Cumulative Advance/Decline Line

The downtrend in the S&P 500 Cumulative A/D line has
been broken. This is the first sign of improving internals since the market
topped out (short term) in late December 2004.

S&P 500 Cumulative Advance/Decline Line

Spx_cum_ad_2005_short_1

Before major tops, a divergence between price and the a/d
line develops; That hasn’t occurred here. To quote Technimental’s Kevin Lane,
“you must respect the trend.”

.
Random Items:

Does the Market Know How to Price Al-Qaeda?

Figuring Out the Spread

Hallelujah, the Mac is back

FDR: Still "That Man"

Darwin’s Revenge

Music and the Brain

.
Quote of the Day:
  
  "Power
is not revealed by striking hard or often, but by striking true."   
~Honore de Balzac

Print Friendly, PDF & Email

Read this next.

Posted Under