NYAD NYSE Advance-Decline Daily Chart

Wednesday's closing NYAD print is -2334, with an intraday low at -2400. Readings this low provide a tradeable bottom for nimble traders. On Monday, the NYAD spiked down to -2500, which provided an upside move, albeit short-lived.  Thus, today's set up is similar so weak futures are an ideal set up to receive a market move down to play a long-side pop. NYAD will need relief from these uber negative numbers. The projected market pop can be very short-lived, however, so any long side play on a bounce in the indexes requires a quick exit and an avoidance of getting greedy. These markets are much more agreeable to 'shorting the rallies' mode currently overall moving forward.

The circles show prior significant lows for the markets where a bounce occurred. Today's session is shortened due to the continued Thanksgiving Day holiday and volume should be light. NYAD says a market bounce needs to occur in the very short term to remedy the low negative numbers. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.