The breadth chart page has been updated. There have been some changes with the sharp decline over the last two weeks. Highlights include:
-The Nasdaq AD Line broke below its early October low.
-Daily Net New Highs for the Nasdaq turned negative.
-The Nasdaq McClellan Oscillator plunged to its lowest level since March
-The NYSE AD Volume Line broke below its early October low
-The NYSE McClellan Oscillator plunged to its lowest level since March
-Click here to see all the charts.
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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