NYAD NYSE Advance-Decline Line Daily Chart

Remeber this chart after the large Tuesday selloff? The uber low -2500 was printed which simply means that an extrmely high number of traders were throwing stocks overboard. When this extreme behavior occurs, typically the next day needs a snap back to relieve the pressure. On Wednesday, and also Thursday, we see the prints at +2000 and higher, as the markets snapped back to the upside as the chart forecasted.

At +2000 and higher, however, this is the revese situation from Tuesday. The readings are becoming too high signaling uber bullish confidence and buying, thus, the markets will need to sell off a bit to relieve this overextended situation.  The +2000 is on the edge of the red line so if the Jobs Report this morning is very favorable for bulls, a spike up into the +2000 to +2500 would occur and that would lock in the market reverse projection. So the open will tell a lot.  Market selling would be expected today, or if the Jobs Report is bullish, and the NYAD spikes higher this morning, then market selling would be expected either late day today or Monday. 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.