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fib_1618

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mortiz

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Fib,

A couple weeks ago, divergences between the weekly NYA weighted and unweighted prices began diverging with the weekly NYA AD line (calculated by comparing Friday over Friday price changes of the NYA components).
From the NYSE daily common AD numbers I have, the daily AD line did not diverge with the NYA, albeit the October 19th common AD line new high was nominal.

The weekly common AD line divergence with price was evident as the below chart suggests.



Currently, both the daily and weekly unweighted NYA indices have broken their respective October 2nd lows, where the traditional (weighted) NYA has yet to do so.  The unweighted NYA has a habit of leading the weighted NYA index.

The next chart illustrates the weekly unweighted NYA price violation of its October 2nd low.



FWIW

Randy
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