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S&P 500 Advance Decline Line Confirms New Highs

Posted By Barry Ritholtz On March 5, 2014 @ 3:15 pm In Markets,Technical Analysis | Comments Disabled

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Source: BAML

 

Earlier today, we discussed why the new market highs are so bullish [2].

Technicians like to look at determinants beyond prices to get a read on how a market’s internals are behaving. Stephen Suttmeier, a technical research analyst at Merrill Lynch & Co., points out that volume and breadth are just as important as prices in understanding a market. Continues here [3]


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URL to article: http://www.ritholtz.com/blog/2014/03/sp-500-advance-decline-line-confirms-new-highs/

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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2014/03/AD-.png

[2] new market highs are so bullish: http://www.bloombergview.com/articles/2014-03-05/no-market-highs-are-not-a-bad-sign

[3] Continues here: http://www.bloombergview.com/articles/2014-03-05/new-highs-aren-t-a-fluke-ritholtz-chart

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