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