Breadth Advance-Decline Line






The Advance-Decline Line measures the amount of advancing stocks minus the amount of declining stocks. It is a leading indicator for the stock market.



For example:

When a lot of stocks in an index go down, while the index itself goes up, it means that the move up was the result of a select group of large companies that were going up, while most of the stocks in that index went down. This is a bearish indicator and the Advance-Decline Line will go down.



Here are some charts and it seems that the NASDAQ is the most bearish and NYSE is the most bullish.






NYSE:































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