A/D Numbers Deteriorate

01/21/2009 9:40 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The S&P 500 closed below support Tuesday, so the action over the next few days will be important. The McClellan Summation Index, which has been positive since early December, has turned lower, but is still above its WMA. A drop below it would be negative and suggest a decline back to the November lows.

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