The A/D numbers were strong last week and the A/D line has broken its downtrend (line b). The SPY had dropped below the early 2018 lows in December, but the A/D line held above the January highs (line c). The NYSE All A/D line peaked on August 29, and when the NYSE Composite made a new high on September 21, the A/D line formed a lower high. The weekly Russell 2000 A/D line, which tracks the iShares Russell 2000 (IWM), has just moved above its WMA. Yields had dropped down to support from the 2016-2017 highs (line a) in the $2.619% area before they bounced.

Source: Forbes January 21, 2019 19:07 UTC