Market Breadth Heading to New Highs

Along with the positive momentum of the major indices, market breadth has take a decidedly positive path, reinforcing the strength of this uptrend.

The chart below combines our favorite breadth indicators discussed on this blog in the past.  Note that the NYSE Advance/Decline ratio stretched to a new high today (December 18, 2012).

Similarly, Up vs. Down Volume has leaped higher, closing in on peaks previously reached in April and September 2012. 

Market Breadth indicators such as these are indispensable tools in the technician's arsenal, providing insight into the internal strength of equities and confirming the market trend.

Visit Baseline Analytics TrendFlex to learn more about the key indicators we use to assess the strength and staying power of the current trend.