Market Internals Are Bullish
12/28/2009 9:01 am EST
The NYSE A/D line moved strongly above resistance on December 11 and has continued to act much stronger than prices. As we discussed in this recent Trading Lesson, the A/D line does accurately lead prices. The S&P has just overcome resistance at 1115, so more gains are expected. The High/Low analysis is close to confirming prices.