The S&P 500 AD Line ($SPXADP) confirmed the new high in the S&P 500 by hitting a new high of its own. The chart below shows the AD Line holding its early August low in mid October and surging above its early September high on Friday. This means breadth is keeping pace with the market advance. A non-confirmation or lower high would be cause for concern, but this is clearly not the case right now.
Click this image for a live chart.
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