The AD Line and cumulative Net New Highs line shows relative weakness in Nasdaq stocks. From the
breadth indicators page at Stockcharts.com, the chart below shows these two Nasdaq indicators moving sharply lower the last three weeks. The cumulative Net New Highs lines for the NYSE and Amex are still holding up.
Click this image for a live chart
Click this image for a live chart
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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 market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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