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 -
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.