Market breadth analysis, Friday 22 Jan 2016

1. A/D line is at -94, after crossing below zero about 3.5 weeks ago, and heading up after hitting a double bottom at -1000. The $NYSE broke below the 10,000 support level and is turning up after touching 9,200. One positive divergence (higher bottom). +1

2. NYSI is very negative at -763.  It went negative nearly two months ago. Heading down. -1

3. NYHL (EMA10) is negative at -494, and has been negative for about 4 months. It's just coming up from a sharp bottom at -725 (+1). No divergence (0). But still negative (-1). Net 0.

4. NYA200R (EMA20) is still well below 50, making a double bottom around 22. Heading down. -1.
5. CPC (50MA) is at 1.07 and edging up. -1

Score: -2

$SPX closed at 1906 after a possible bottom at 1812 two days ago. This could be the start of a bounce.

Overall trend, however, still negative.