Monday, August 24th. - Stock Trends, Charts, and Commentary (***If you see last week's Monday Update do a refresh: Click Here)
What has been happening on the NYA's Accumulation/Distribution levels?
The Accumulation levels on the NYA Index went to Distribution last Wednesday (August 19th.). Note: Daily updates of this chart are posted on the paid subscriber site.
This has been an on-going battle, and if you look at the chart you will see that the shifts between the NYA Accumulation and Distribution have been very frequent since July 24th. (instability).
Last Monday, we commented: "Note that the level of Accumulation has made no real progress for months. From a short term trending standpoint, the NYA is still seeing down trending action, so caution is in order."
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