Is the Market Getting Stronger?

05/27/2010 9:53 am EST


Thomas Aspray

, Professional Trader & Analyst

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Most of the major averages reversed in the afternoon to close lower on Wednesday, but the A/D ratios did close positive on both the NYSE and Nasdaq. It was also a good sign that the S&P 400 and S&P 600 were able to close higher on the day. Clearly, the tug of war continues. The McClellan Oscillator on the Nasdaq shows a positive divergence, unlike the NYSE. A strong move above the zero line and the downtrend is needed to confirm the divergence and signal a stronger rebound.

Tom Aspray, professional trader and analyst, serves as video content editor for The views expressed here are his own.

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