A-D Line & Derivative Indicators May 12

The rising NYSE Summation Index scenario is viable again. After a false start caused by the NYSE McClellan Oscillator falling below 0, the NYSI posted a nice point to point interval of +16.46 on Monday, May 12 resulting in an Index value of +827.45.  A +1797 day on the  NYSE  A-D line moved the McOs from negative territory up to a +16.46 reading Monday. The R2K posted a strong +2.39% reading, providing hope that it may have begun an uptrend. The NYSE High-Low line recorded a daily +326, a number which could possibly double if we continue to have strong up days in close succession. The NASDAQ McOs rose to +12.86 on the strength of a NASDAQ A-D plurality of +1593. The NASDAQ Summation index is well below zero at -470.47, reflecting an extended period of negative McOS readings. The Summation Index is a cumulative graph of daily McClellan Oscillator values for a specified index.
    Both the A-D line and the High-Low line for the NYSE made new highs today and even the NASDAQ High-Low line is not very far below it's all-time peak. But the A-D lines for the respective indexes must manifest continued strength for these promising trends to continue. I tend to believe that this time is the real deal, but time will tell.