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Re: RCKS post# 19642

Wednesday, 04/18/2018 9:53:25 AM

Wednesday, April 18, 2018 9:53:25 AM

Post# of 41143
upward breadth thrust signatures for multiple indices,
as measured by the McClellan Oscillator ( McO )

McO multi-month highs not seen in over 15 months on April 17th for several indices:

which accompany new all-time record highs for selected cumulative Advance-Decline breadth lines, as well

Note - there are some years in the past decade in which
the A-D lines' record highs actually immediately accompanied a swing top for the index price actions ...
be cautious of articles which imply that future upside price action is always a safe bet under these conditions

positive McO values on April 17, 2018:

64.28 - NYSE common stocks only
69.57 - S&P 500 index
74.01 - S&P 100 index
68.39 - Dow Jones Industrial Average

the other indices did not post new high values

off-topic Montana scenes taken while mountain biking at 9000 feet elevation:



Madison River, location below Earthquake Lake, Montana -





Henry's Lake, Idaho ... partially frozen -





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