NYSE A/D Line Breaks Trend Line

01/29/2010 9:58 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

The NYSE A/D line has closed below its uptrend that goes back to the September lows, but there is further support at the November/December highs. It is positive that the A/D line had confirmed each market high, keeping the intermediate trend positive. Everyone is watching the 1080-85 area in the S&P 500, which corresponds to the November/December lows, but there is also strong support in the 1050-65 area with the 200-day MA at 1011. The strength of the next rally will tell us more about the intermediate-term trend.

Related Articles on STRATEGIES

Keyword Image
Dogs of the Dow
10/18/2018 5:00 am EST

The Dogs of the Dow strategy seeks to take advantage of investing in well-established, blue-chip com...

Keyword Image
6 Best Stocks Yielding Over 5%
10/11/2018 5:00 am EST

Using our proprietary dividend screener, I found hat nearly 1,100 individual equities offer yields a...