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 -

* with the exception of a single day in late September, each day in August, September & October,
the # of NYSE Advancing issues has remained 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 October 23, 2020 --

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

Issues traded 3,128 3,144 3,123
Advances 1,906 2,113 1,245
Declines 1,111 938 1,785
Unchanged 111 93 93
New highs 70 49 122
New lows 21 26 9
Adv. volume* 431,790,457 666,461,061 436,882,970
Decl. volume* 275,732,222 168,933,343 433,744,597
Total volume* 721,652,985 843,133,003 885,306,634
Closing Arms (TRIN)† 1.09 0.56 0.47
Block trades* 4,657 4,889 6,006
Adv. volume 2,230,388,689 3,319,149,972 2,786,810,230
Decl. volume 1,417,801,632 826,271,075 1,861,309,689
Total volume 3,698,571,294 4,181,715,704 4,692,603,838