Daily Report : Not much oomph as the Advance/Decline Line lags; Timeframe tensions



The major indexes have rallied hard off their lows from March. After a couple of initial breadth thrusts, though, overall advance/decline figures have been unimpressive. The Cumulative line on the NYSE is only about 2% off its lows, one of the worst performances relative to gains in the S&P 500 when coming off a 6-month low.; The S&P 500 has surged above its 50-day moving average and is now the most stretched since 2011. But despite the surge, it's still trading below its long-term 200-day average, triggering tension between the time frames.


This post is available to SentimenTrader members only.

Log into your account

To view this blog post, you'll need to log into your SentimenTrader account.

Login to your account

Don't have an account?

Sign up to get RISK-FREE access to all of our indicators, models, commentary and award-winning research.

If you've never tried the service before, there is no charge for the first 30 days. Then pay as little as $1.59 per trading day for access to our award-winning research.


Not ready to signup up for a free trial yet?

Signup for our Daily Lite email to receive highlights of our daily report, research and studies.


Follow us on Twitter:

Subscribe to our Youtube Channel:


RSS Feed

Subscribe to the Blog RSS feed

Tags