Another New High for NYAD. Plus, a Burgeoning Momentum Trade

The market's breadth continues to predict higher prices.

The bears are getting pounded as the FOMC meeting gets closer and traders bet on at least a 25 basis point rate cut, and perhaps a 50 basis point.  Both the Bank of Canada and the ECB have already cut rates over the past few days, so it’s more of a matter of how much for the Fed.

That said, the New York Stock Exchange Advance Decline line (NYAD) continues to earn its keep as the most reliable indicator of the market’s trend, making another new high this morning.

As a result, many of the stocks which have been forming bases are making their move.  Today’s trade features another stealthy company with huge upside potential.

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