Market Overview

NYSE Net Advancing Volume

NYSE Net Advancing Volume

By Liz DeMera

This NYSE Net Advancing Volume chart is plotted as a 30 Day Moving Average.  It is very useful in determining possible bottoming  conditions in the market. Usually we get a rally  from  this level, however, this chart is not indicative of a good market bottom or deeply oversold conditon in the market.  I've noticed  through history that once it gets down to a lower negative number that it will linger as the market is putting in a good  bottom.

The following is by @lizdemera , who uses market technicals to determine the stock market's performance.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Trading Ideas


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