Market breadth analysis, Tuesday 29 March 2106

1. A/D line is at 471, heading down and it shows divergence tops against the $NYSE. -1

2. NYSI is positive at 1011. +1

3. NYHL (EMA10) is positive and is at 112 (+1). No divergence (0). Net +1.

4. NYA200R (EMA20) is at 42 (still below 50), still heading up. -1.
5. CPC (50MA) is at 1.05 still edging down. -1

Score: 0

$SPX closed at 2055 after a possible bottom at 1812 five weeks ago. Has crossed above the 50-day MA. Has crossed above the 40-week MA (2011).

Overall trend seems to be negative. After a 5-week +13% rally, and MACD and RSI looking overbought, some pullback may be expected.

Market breadth analysis, Friday 4 March 2106

1. A/D line is at +977, looking good now. +1

2. NYSI is positive at 324. Heading up after a possible bottom around -760. +1

3. NYHL (EMA10) has just turned positive and is at 32, after being negative for about 4 months (+1). No divergence (0). Net +1.

4. NYA200R (EMA20) is at 24 (still below 50), but heading up. -1.
5. CPC (50MA) is at 1.06 but edging down. -1

Score: +2

$SPX closed at 1999.99 after a possible bottom at 1812 three weeks ago. Has crossed above the 50-day MA. It's also getting close, but still below, the 40-week MA (2017).

Overall trend seems to be changing, however after a 3-week +10% rally, some pullback may be expected.