Courtesy of Chris Kimble.
Is today the day that four important indices all break above their 200-day moving averages at the same time? Possible!
This 4-pack applies 200-day moving averages to the Dow, S&P 500, QQQ and the Transports. The short-term counter-trend rallies since the lows on Christmas Eve has three of the four knocking on the underside of the long-term moving averages, as the Dow is now above its 200-MA.
Below looks at the cumulative Advance/Decline lines of the S&P 500 and the Nasdaq 100-
Both A/D lines are now above last years highs and hitting new all-time highs at the same time.
The strength in the A/D lines would suggest the odds are good that the indices in the 4-pack above should move above the 200-ma lines.
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