• 1,009 days Will The ECB Continue To Hike Rates?
  • 1,010 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,011 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,411 days Could Crypto Overtake Traditional Investment?
  • 1,416 days Americans Still Quitting Jobs At Record Pace
  • 1,418 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,421 days Is The Dollar Too Strong?
  • 1,421 days Big Tech Disappoints Investors on Earnings Calls
  • 1,422 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,424 days China Is Quietly Trying To Distance Itself From Russia
  • 1,424 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,428 days Crypto Investors Won Big In 2021
  • 1,428 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,429 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,431 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,432 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,435 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,436 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,436 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,438 days Are NFTs About To Take Over Gaming?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Are the NYA Accumulation Levels In Trouble?

Today's chart shows the Accumulation/Distribution trending on the NYA Index (the NYSE). If you look at the chart's highs and lows, you will see its trending.

For the current status ... Start at the highest point in May and note the lower highs that have occurred since then. Now observe the lower lows since May.

That describes down trending which is a negative for the market. Short term (since the end of June), the ticks have been showing a smaller technical up trend, so we have a short term positive bias.

This is a high risk condition at this time ... one that will need a higher/high to be made in order to change the down trending.

 

Back to homepage

Leave a comment

Leave a comment