Breadth Weak

08/27/2008 12:00 am EST

Focus: MARKETS

Thomas Aspray

, Professional Trader & Analyst

The NYSE A/D line is still weak as it is below its 34 EMA and has formed lower lows. The daily chart of the NYSE Composite also suggests that the action over past six weeks is a continuation pattern that should be resolved to the downside. Much stronger A/D numbers are needed to indicate a bottom.
banner

Related Articles on MARKETS

Keyword Image
Nautilus: Fit for Profits
16 hours ago

Everyone at MoneyShow would like to share a warm welcome to Azmath Rahiman, the newest editor to joi...

Keyword Image
Verizon Delivers
16 hours ago

Verizon Communications (VZ) delivered on its numbers. Widely watched fourth-quarter wireless revenue...