Don't Ignore This Chart

NYSE AD Line Hits New High

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The NYSE AD Line ($NYAD) reflects broad market strength with a move above the September-October highs this week. In fact, the indicator is trading at a 52-week high. There are no signs of weakness here.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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