|Simple Trading Ideas||
$NYAD is showing the net advances on the New York Stock exchange which is the advancing issues less the declining issues. It is a breadth indicator. The chart below shows only the 21-day and 50-day moving averages to smooth the data. The horizontal lines represent overbought and oversold areas. Below the chart $NYA the NYSE composite index is shown. When $NYAD declines it is ashort-term bearish developement.