Friday, April 29, 2016

Market breadth, Friday 29 April 2016



  • EMA(10) of the A/D Line is showing a clear divergence in the peaks, early March and mid-April. -1
  • The McClennan summation index $NYSI is high and positive. +1
  • EMA(10) of the New High/New Low line is at 109, positive, since early March. +1
  • EMA(20) of the stock above their 200-day MA ($NYA200R) is at 62 and heading up, after crossing above 50 in early April. +1
  • The EMA(20) of the Put/Call ratio line is at 1.02 and heading back toward 1. Still negative but weak negative. -0.5

Score: +1.5

The general trend is up since mid-February but there are concerns after latest BOJ lack of stimulus. Oil heading up, gold in trading range.