trade timing signals - using Advance-Decline line tools

[rimshot]

Link to WSJ end of day Market Diary -

https://www.wsj.com/market-data/stocks/marketsdiary

16-months of daily $NYADV in histogram format -

* for each day in August & September, the # of NYSE Advancing issues remains
below the June and July highs for this internal, which represents
a Negative Divergence of importance...

it has recently represented an actionable Divergence
and may be again at future dates only if the negative condition persists for multiple weeks/months

http://stockcharts.com/c-sc/sc?s=%24NYADV&p=D&yr=1&mn=4&dy=0&i=p09228435053&a=760612625&r=1590534237667

WSJ update for Friday September 4, 2020 --

NYSE --- Latest Close --- Previous Close --- Week Ago

Issues traded 3,088 3,081 3,080
Advances 1,218 583 2,076
Declines 1,789 2,405 920
Unchanged 81 93 84
New highs 31 44 70
New lows 20 14 12
Adv. volume* 432,859,050 231,662,754 625,349,092
Decl. volume* 505,040,705 749,841,772 158,796,706
Total volume* 959,271,639 992,234,688 788,980,483
Closing Arms (TRIN)† 0.74 0.67 0.56
Block trades* 5,948 6,033 5,036
Adv. volume 2,100,635,292 1,289,916,852 3,093,958,796
Decl. volume 2,289,120,353 3,564,967,635 762,502,850
Total volume 4,463,963,114 4,899,618,290 3,874,925,697