The weekly S&P 500 A/D line as well as the NYSE A/D line turned lower but both are still above their rising WMAs. Only the Russell 2000 weekly A/D line has dropped below its WMA so the intermediate term trend is still clearly positive. This combined with the positive action in the Nasdaq 100 and Dow Industrials A/D line favors another push to the upside for the stock market this week. The less likely scenario in my opinion is that the market will consolidate and correct for another week or two. This could take the stronger weekly A/D lines back to their rising WMAs.

Source: Forbes March 11, 2017 18:38 UTC