Net Decline on Advance-Decline Series for NYSE, Coupled with Rising S&P 500: Implications According to Technical Analysts

Examining the Relationship between NYSE Advance-Decline Series and S&P 500 Movement

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Question

A net decline on an advance-decline series for the NYSE, coupled with a rising S&P 500 would, according to technical analysts,

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A. B. C. D.

B

Technical analysts predict that when a market index is going up, but most stocks post price declines, the market is near its peak. Conversely, they predict that when a market index is going down, but most stocks post price increases, the market is near its trough.