New Highs for Nasdaq A/D Line

04/12/2010 9:16 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

Last week, I noted that the weekly RSI for the technology sector was diverging, while the industrial sector was looking much stronger. Though this is still the case despite last week’s sharp gains, there was some improvement. The NASDAQ A/D line finally moved above last October’s highs, confirming the price action. It will be important that the A/D line stays above the March lows. The NASDAQ has strong resistance at 2480-2550.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STRATEGIES

Keyword Image
Caution Signs for Investors
12/31/2018 5:00 am EST

Notable signs of deterioration have developed in the current situation. The U.S. housing market is i...