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Chart of the Day: S&P 500 Cumulative Advance/Decline Line

Posted By Barry Ritholtz On February 1, 2005 @ 11:37 am In Markets | Comments Disabled

The downtrend in the S&P 500 Cumulative A/D line has
been broken. This is the first sign of improving internals since the market
topped out (short term) in late December 2004.

S&P 500 Cumulative Advance/Decline Line

Spx_cum_ad_2005_short_1 [1]

Before major tops, a divergence between price and the a/d
line develops; That hasn’t occurred here. To quote Technimental’s Kevin Lane,
“you must respect the trend.”

.
Random Items:
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Does the Market Know How to Price Al-Qaeda? [2]

Figuring Out the Spread [3]

Hallelujah, the Mac is back
[4]

FDR: Still "That Man" [5]

Darwin’s Revenge [6]

Music and the Brain [7]

.
Quote of the Day:
  
  "Power
is not revealed by striking hard or often, but by striking true."   
~Honore de Balzac [8]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/02/chart-of-the-day-sp-500-cumulative-advancedecline-line/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/photos/uncategorized/spx_cum_ad_2005_short_1.jpg

[2] : http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_lewis&sid=aD5fopgVFN2s

[3] Figuring Out the Spread : http://online.wsj.com/article/1,,SB110625812051831832,00.html

[4] Hallelujah, the Mac is back
: http://www.salon.com/tech/feature/2005/01/31/mac_is_the_future/

[5] FDR: Still "That Man" : http://slate.msn.com/id/2112796/

[6] Darwin’s Revenge : http://msnbc.msn.com/id/6885161/site/newsweek

[7] Music and the Brain : http://www.sciam.com/article.cfm?articleID=0007D716-71A1-1179-AF8683414B7F0000&chanID=sa008

[8] Honore de Balzac : http://www.online-literature.com/honore_de_balzac/

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