Beyond the headline market rebound, Arthur Hill at StockCharts.com makes the following observation, which emphasises the strength of this rally:
NYSE and Nasdaq breadth continues to expand and back up the current rally. From the breadth charts page at Stockcharts.com, we can see the NYSE AD Line ($NYAD) and Nasdaq AD Line ($NAAD) moving sharply higher the last five weeks. Also notice that the cumulative Net New Highs lines are also moving higher.
Business Insider Emails & Alerts
Site highlights each day to your inbox.