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Advances & Declines

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Here’s an interesting layered chart I put together this morning. In blue is the SPY and in red is the cumulative advance/decline line. What jumps out at me is how, from the start of the year until October 13th, the lines were pretty much in lockstep, but the most recent rally had a vastly stronger A/D line. 

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