ajtj99's Market Pulse

[rimshot]

AJ, re: NYA since October:

this is a cut and paste from my post to a group of us in a private trading "room"



note NYA 5178 was support for all of Oct even after the Oct 10 low

failed support during the Nov lows [hiker] now it is acting as resistance for many weeks

only one daily close in Feb much below NYA 5178 [hiker] once NYA 5178 Horiz support has failed

it is now acting as firm resistance

5127 NYA was yest. close, so R is easily within striking distance this week

a daily close above 5178 would be a BIG clue going fwd

esp, if consecutive daily closes

some positive breadth today, and this could easily occur today

daily NYAD above 1000 would likely achieve that

http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&yr=0&mn=6&dy=0&id=p00856236625

NYA 60min with USO overlay in brown...showing NYA 5178 H line and various brown H lines for USO including USO 31.93 -

http://stockcharts.com/h-sc/ui?s=$NYA&p=60&yr=0&mn=3&dy=19&id=p79756329972&a=157357734