[RT] Nyse Breadth Model Daily

["EAdamy" <eadamy@xxxxxxxxxxxx>]

Breadth model is suggesting some caution now. New hi/lo (upper right) has broken to new low confirming the break in the NYSE (upper left). The A/D issues (lower left) and A/D volume models have yet to confirm Wednesday's price low. The NYSE shows bigger volume bars on the past two days suggesting selling is accelerating on the decline. While odds now suggest a test of the major trendline (heavy grey), one can not rule out a reversal here on a bullish divergence on A/D issues and volume.

 

Earl

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