Nasdaq AD Line Confirms Underlying Strength
The Nasdaq AD Line extended its year long uptrend with a surge and new high in December. The chart below shows the AD Line with a series of rising peaks and rising troughs (higher highs and higher lows). Also note that this new high in the AD Line confirms the new high in the Nasdaq Composite, which means market internals are running bullish.
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Nasdaq AD Line Confirms Underlying Strength
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Trading, composite, internals, lows, market, nasdaq, result, troughs, uptrend
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