THE NIKKEI 225: TWO DECADES OF ADVANCES & DECLINES DATE CLOSE INTERIM NUMBER OF DECLINE NUMBER OF ADVANCE/DECLINE
MONTHS FROM TOP YEARS FROM PEAK 12/29/1989 38,916.
New Chart Studies and Drawing Tools include Triple Moving Average, Advance/Decline
Ratio, Correlation Function, Triangular Moving Average, Fibonacci Extensions and a Cycle Line.
For those that are not yet short; we would use any sharp intra-day bounce where the advance/decline
doesn't improve to put on short positions in the base metals area such as Nucor (NYSE: NUE), Steel Dynamics (Nasdaq: STLD) and the financials such as Goldman Sachs (NYSE: GS) and Bear Stearns (NYSE: BSC).
On the New York Stock Exchange, there are 1,841 issues moving higher compared to 1,344 in negative territory, for an advance/decline
ratio of 1.
ratio on the New York Stock Exchange hit 2.
What really interests me is most of the ETFs that I follow are down, yet internals are very strong - with an advance/decline
line at the NYSE coming in at a very strong 1.
1) has surged ahead more than 60 points already, with an advance/decline
ratio of 2.
ratio at the New York Stock Exchange (NYSE) comes in at 1.
Internals are pretty sickly as well, as the advance/decline
line at the NYSE stands at 0.
The DJIA is currently below 10,950 and, with the advance/decline
ratio at the New York Stock Exchange coming in at 1.
Very few of the stocks that appear on my screens right now are in positive territory, and the advance/decline
ratio at the New York Stock Exchange is coming in at just 0.
First of all, the advance/decline
lines on the New York Stock Exchange as well as the Nasdaq Exchange are both very positive.