Monday, May 13, 2013
Advance/Decline Breadth was mixed from open to close. The day started out very negative, but the Nasdaq quickly reversed off of it's lows with several stocks rallying higher. The breadth increased and caught the bid of the MA's through lunch, but reversed lower after lunch on several declines that saw the Ergodic Oscillator go below zero. Cumulative $Tick had the lowest readings at the open and even lower leading up to the close. The Up/Down Volume Ratio was pegged into extremely negative territory on the Double Stochastic and Ergodic Oscillator, and Volume slowly declined throughout the day. Price was carried higher by the MA's with breaks occurring a few times on the way up. The Ergodic Oscillator went below zero prior to the close and the Double Stochastic went extremely negative, as well.