www.scottpluscua.blogspot.com
Posted: 30 Apr 2013 05:48 AM PDT
Yesterday the Nasdaq Composite Index made new 52 week highs, and here is a look at both the Composite Daily chart and the Breadth in the new 52 week highs minus new 52 week lows in that Index year to date.
COMP  COMP NH-NL  In the S&P 500, the Price/Volume Divergence continues. Notice the volume has been not only below average on the push to new 52 week highs but it is falling off a cliff with the Bullish Price action. S&P 500  Russell 2000 This is even more glaring in the Russell 2000, where the volume was as light as any non-holiday in the past 12 months.  Lastly here is a look at the NYSE Daily Index chart showing new 52 week highs, and the NYSE new 52 week highs minus new 52 week lows. The NY NH-NL didn't even get above two day's ago net figure. NYSE  NYSE NH-NL  May 1st, begins the next issue for the swing/position trade model portfolio, and I look forward to sharing the trade plan in regards to any short opportunities in the major US Equity Indexes in the coming months with my trading methodology. Email for interest. ScottPluschau@gmail.com Tabs at the top of the blog have further information on the premium services. Twitter, Stocktwits, and Linked In @ Scott Pluschau  |
