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NYSE Breadth Status

Started by fib_1618 , May 05 2013 12:16 PM

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#1 fib_1618

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Posted 05 May 2013 - 12:16 PM

Taken from this weeks Technical Watch "Weekly Breadth Data" review: "All of the NYSE breadth advance/decline lines closed at all time highs on Friday with the lone exception of the Bond CEF advance/decline line which did so on Thursday. The NYSE Preferred advance/decline line in particular is now showing an almost parabolic angle in its structural ascent as money continues to plow into issues that give an all around total return on capital. Our focus for next week will be with the NYSE breadth MCSUM as it approaches its shallow declining tops line (see the Cumulative Charts update) as any break above this line, at this juncture, could stimulate a historic price run to the upside." Fib

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#2 da_cheif

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Posted 05 May 2013 - 02:21 PM

Taken from this weeks Technical Watch "Weekly Breadth Data" review:

"All of the NYSE breadth advance/decline lines closed at all time highs on Friday with the lone exception of the Bond CEF advance/decline line which did so on Thursday. The NYSE Preferred advance/decline line in particular is now showing an almost parabolic angle in its structural ascent as money continues to plow into issues that give an all around total return on capital. Our focus for next week will be with the NYSE breadth MCSUM as it approaches its shallow declining tops line (see the Cumulative Charts update) as any break above this line, at this juncture, could stimulate a historic price run to the upside."

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