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OCT 04, 2013 - Bespoke Investment Group

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Short-Term Breadth Back to Oversold

The 10-day advance/decline line measures the average daily number of advancers minus decliners in the S&P 500 over the last ten trading days.  This indicator is an important short-term breadth measure, and moves to overbought or oversold levels are helpful when trying to determine turning points in the market. As shown below, the S&P 500's 10-day A/D line reached extreme overbought territory just a couple of weeks ago, and it quickly reversed and is now approaching extreme oversold territory.  A little lower and a bounce should be expected. The Consumer Staples sector has ... Read More

Tags: Short-Term Breadth Back to Oversold,  Staples Latest News