Don't Ignore This Chart!

Nasdaq breadth leads lower

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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.

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Announcement from the Author

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.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. Learn More
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