Keep Your Eye on Advance/Decline Number for Stocks

Thursday, the Dow closed slightly down and the Nasdaq closed slightly up.

Based on those numbers alone, you could conclude that the market was flat and not much was going on.

However, if you looked at the advance/decline numbers, you would see that on both the New York Stock Exchange and the Nasdaq that about 59 percent of the stocks closed up for the day.

From a whole market perspective, it wasn’t a bad day.

This article discusses what is behind these numbers and why you should care.