The negative A/D numbers for much of last week have caused the McClellan Summation Index to flatten out. It is still well above its rising WMA, however, so it is still positive. It would take a drop in the Index below its declining WMA before a strong sell signal would be generated. Next good support is in the 850-860 area.
Summation Index Flattens Out
Top Pros’ Top Picks (Daily)
Subscribe to MoneyShow’s daily investment newsletter Top Pros' Top Picks and get actionable advice from our top experts, including the hottest stocks to buy and sell, ETFs and funds for short- and long-term capital appreciation, and a wide variety of dividend-paying stocks set to deliver a steady stream of safe, reliable income.
Trading Insights (Weekly)
Get an edge on the markets with our weekly trading newsletter, Trading Insights, and receive timely trade ideas covering stocks, options, futures, and more to keep you on the right side of the action. From trading basics to advanced strategies and high-probability set-ups, the insights you need from our all-star lineup of trading pros is delivered straight to your inbox.
Virtual Learning Letter (Weekly)
The stock market offers virtually any combination of long-term opportunities for growth and income, as well as short-term investments for trading gains. MoneyShow’s weekly Virtual Learning Letter showcases a variety of on-demand webcasts and video market commentary by top financial experts covering the hottest financial topics each week.