Advancing-Declining Volume $ Weighted

One of our primary indicators that is published on charts for Indexes and Morningstar Sectors is a dollar weighted advancing minus declining volume.  While nothing works all the time this can often give a great heads up.  Let’s take a look at the NASDAQ Composite Index:

Notice how this indicator broke above the early 2010 highs and put a very nice spin on the Chandelier ATR Stop technique. Perhaps these two will work well together.  In contrast the picture on the broad based NYSE looks just a bit different:

Of course everyone knows the NASDAQ has been outperforming so these charts should be no surprise. Check out the advancing minus declining volume ($ Weighted) on:

• Other Indexes
• Morningstar Sectors

You may just be surprised by what you find.