Advance Decline Ratio

Weak ADR reading for the past two months is a sign that the market exuberance has cooled off a bit

An ADR of more than 1 indicates that more stocks have gained than those that have declined

The advance decline ratio (ADR) for May was 0.84, with 1,718 stocks advancing and 2,037 declining

Indicates that number of declining stocks far exceeds those advancing, and may be a bearish signal

A "Golden Cross" breakout indicates a firm bullish sentiment in the medium-term

ADR is a popular market breadth indicator. It compares the number of shares that ended higher against those that ended lower, over their previous day's close

Low advance-decline ratio means money-making through equity investing has been a challenge this year