By Liz DeMera
The NYSE Summation has been climbing for the last few months. However, the summation stopped going up on January 29th, 2013 when it peaked at 4304.82. Since then it started a slow downward climb. Then on March 4th it begun another slow drift up. But when you look at the actual net breadth of what it takes to keep the summation climbing, the cushion is very little and stands at only -1126. So, what the means is any down day would turn this summation right back down, which is known as a "fish hook". See chart below for other previous examples.
Market is at highs and the chart above is showing a negative divergence with less stocks above their 50 Day Moving Average.
NYSE Advancing Volume is starting to decline over time as compared to the Total Volume as a 30 Day Moving Average.
This was written by @lizdemera , who uses market technicals, to determine the stock market's performance.