Blog Post On: 4/25/2010
The NASDAQ reached new highs but the NYSE is starting to flatten out.
The Advance/Decline Lines tell another story (turning down) that shows the support for the uptrend is starting to slow. Typically the ADLines lead then the indexes follow. Even with the strength in the market this is still red flag and investors need to be aware of this relationship.
Stock Market Timing Model (MTR-TM): Market Up Signal on 2/17/2010
- MTR-I: Turn back up following the trend
- RSI: Turned back up reaching extreme levels BUT did not reach a new high. Below 50 is negative
- MACD: Extreme level, below 0 is negative
- Volume: Friday light in comparison with the trend
NYSE is starting to flatten out but Mid Caps and Tech still reaching new highs.
The Advance/Decline Lines turned down, with most of the indexes up. This can be a negative for the up trend.