Sector & Index summary (fka )

[rimshot]

daily NYAD progress, as of March 15, 2013:

table of recent values for the daily NYSE Net Advance-Decline # of issues (Source - stockcharts.com)

+ 981 - Feb. 26
+1596 - Feb. 27
+ 80 - Feb. 28
+ 379 - March 1
+ 349 - March 4
+1453 - March 5
+ 337 - March 6
+ 480 - March 7
+1043 - March 8
+ 221 - March 11
- 529 - March 12
+ 409 - March 13
+1001 - March 14
- 197 - March 15

* to date in 2013, only 12 days have posted daily NYAD values
below zero ... which represents an uncommon percentage of positive breadth
during any 11-week period during any prior year

daily closes chart for the NYSE Composite index is shown below -

* the daily closes for the NYA were in a tight cluster from Friday through Wednesday of this week, as the NYSE breadth trend had been in a consolidation

* downside price action with actual staying power for the NYA becomes more probable if the $9004 level is actually downside violated by a future daily close

** the March 14th NYA price action tagged the upper daily BB, using the 50,2 setting