Breadth charts updated
-Nasdaq AD Line: a serious bearish divergence
-Nasdaq AD Volume Line: approaching Sep-Oct highs
-Nasdaq McClellan Oscillator: up thrusts have been weak
-Nasdaq Net New Highs: more new 52-week highs than new 52-week lows
-NYSE AD Line: hit a new high this week
-NYSE AD Volume Line: remains below Sep-Oct highs
-NYSE McClellan Oscillator: up thrusts have been weak
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Breadth remains mixed overall. On the bullish side, we have the NYSE AD Line hitting a new high for the year and Net New Highs remain positive for the Nasdaq and NYSE. On the bearish side, the Nasdaq AD Line continues to trend lower. This shows selling pressure in the smaller, and riskier, Nasdaq stocks. Think of it as a flight to quality. The AD Volume Lines broke support and remain below their Sep-Oct highs. The McClellan Oscillators pushed back into positive territory a couple times, but these up thrusts were not strong.