Replies to post #67 on trade timing signals - using Advance-Decline line

[rimshot]

NAS - reply to your question about my daytrade QQQ short exited today

see chart #402.2 for the overall tactical reason for the entry timing choice coupled with not able to hold for a lengthy period above the market open high level for QQQ

and yes, the internals for NDX are unresolved at this point how much of a bounce we shall see for these NDX internals

https://stockcharts.com/public/1442871/tenpp/5

good ideas for the FAANG group. be sure to watch the XLK to SPY ratio chart # 923 … see where some of the indicators bottomed this week for this ratio

see the stocks listed in the top 25 components of XLK at Morningstar XLK portfolio composition, which overlap the closely watched Tech symbols

Answer #2 - correct, no A-D line exists for a single stock, such as AAPL

[rimshot]

NAS - what is a cumulative Advance-Decline line?

definition:

cumulative Advance-Decline breadth lines
are the cumulative total of the daily net Advance-Decline values, which
are summed for the current time period using the start date selected in the chart settings


today August 3rd the Net of:

the Advancing stocks minus
the Declining stocks
out of the symbol population of
100 stocks in the NDX-100 index was a positive 22 value

!DECLNDX can be charted at SC for the # of daily Declining stocks out
of the symbol population of 100 stocks in the NDX-100 index

https://stockcharts.com/freecharts/gallery.html?!DECLNDX

!ADVNDX can be charted for the # of daily Advancing stocks out of the symbol population of 100 stocks

https://stockcharts.com/freecharts/gallery.html?!ADVNDX

please tell me you now fully or partially understand what a cumulative Advance-Decline line represents for any index that is selected

thank you NAS! good work this week, and am glad your trades worked well for you