Warning signs in breadth charts

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

There are some potential warning signs in the breadth indicators. First, the Nasdaq AD Volume Line and the NYSE AD Volume Line both bounced, but remain well below their October highs. Lower highs could be forming. Second, October Net New Highs were above +200 for the Nasdaq and above +400 for the NYSE. So far in November, Net New Highs for the Nasdaq have yet to exceed +100 and Net New Highs for the NYSE stalled around +200. Fewer stocks participated in the November advance. Click here for the breadth charts page

Arthur Hill
About The Author:

Arthur is Chief Technical Strategist at TrendInvestorPro.com. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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