By the end of this session you will:

• Understand how the stock indices are unique in their composition, and why market internals provide us with a better picture of what’s happening ‘under the hood’
• Know what the S&P and NYSE A/D Lines are, and how to read them properly
• Be able to look at the A/D Line and gauge what is likely happening on the price chart, and what type of day is taking plac

The benefits this session will give you:

• If you trade the stock index futures, or individual stocks (or options), understanding market internals (in this case the A/D Line) will give you an edge in properly reading the market. It will allow you to analyze what is happening beneath the surface to gauge the true health of the market, while being able to detect times when the market is unlikely to be able to sustain a price move.