A/D Numbers Deteriorate

01/21/2009 9:40 am EST


Thomas Aspray

, Professional Trader & Analyst


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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