The NYSE A/D line is still rising while the DJIA & SP500, the large cap market indices are in a sideway consolidation.
The NYSE new high-new low remain to be positive indicating the number of stocks making new 52 week high are still outnumber the stocks making new 52 week low.
In the Nasdaq, the A/D line has been declining and showing divergence while the index trying to bounce off support from its recent decline.
In contrast to the NYSE new high-new low, the Nasdaq new high-new low has entered the negative territory showing more stocks making new 52 week low than stocks making new 52 week high.
This market will remain split until the large cap/value stocks have run their course. In the near term, the DJIA and/or SP500 could move up to another new all time high. As the large cap stocks make their final move, it could generate a dead cat bounce for the stocks in the Nasdaq and the Russell 2000.
