A/D Numbers Still Weak
07/09/2009 9:13 am EST
Even though stocks rebounded near the close and stocks finished higher yesterday, the A/D numbers were 2:1 negative. Stocks are set to open higher on Thursday, but the trend of weak A/D numbers suggests a rally failure. The Summation Index is still declining and is below its WMA. The increased level of bearish sentiment, however, is a short-term plus.