- What is the Cumulative Advance/Decline Line saying?
- New HIGH/LOW Ratio says yes, The Bear is in the Past.
- Potential opportunity in the coming months: Two ideas, one conservative and one speculative.
What is the Cumulative Advance/Decline Line saying?
Declaring the Bear is dead is a dangerous thing to do. Let’s define what we are looking at and you decide for yourself if it makes sense to you.
If the majority of stocks are falling in price, we can logically say we are in a bear market. If we accept that, we can then say if the majority of stocks are rising in price, then we are not in a bear market. Price above moving averages and shorter moving averages, above longer moving averages, are measures used in Trend analysis.
To check this feature, let’s look at the weekly advance/decline line for the NYSE at StockCharts.com Continue reading