Search Results for: breadth

A Twist On Breadth

There are many indicators that we as market participants can use. So many in fact that some become overwhelmed in their search for the “holy grail” of indicators. What matters most when choosing an indicator is whether or not it improves your trading. Here’s a quick tip. Put an indicator on a price chart of

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Breadth Is Suspect

I’ve been trading long enough to know better than to step in front of a moving truck and right now the market has the momentum of a Mac. However, there are some indications that have me a little skeptical of this most recent push higher and thought I would share them. First up is a

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Short-term Breadth Update

What a difference a week makes. Last Friday (8/20) the $IWM had 18% of its components trading above the 4SMA while the $SPY had 15% and the $QQQQ had 25%. As of the close Friday (8/27) the Russell 200o shows 92%, S&P 500 came in with 88% and the Nasdaq placed with 83% of its

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Short-term Breadth Update

In case you were purposefully not watching the market today… there was a bit of a train wreck. Looking at the futures after hours and seeing the continuation of downside pressure thanks to Cisco ($CSCO). Who knows what will happen overnight, but Thursday could be another ugly day, at least until the knife catchers come

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Short-Term Breadth

Today’s price action saw the small caps ($IWM) and the large caps ($SPY) diverge, especially as the day wore on. I’ve always associated the small caps as the riskier play in equities (as most do) so it stuck out for me and many others today. I thought I’d take a look at the shortest moving

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Market Breadth Update

Thanks to your feedback I’ve decided to adjust what I’m posting regarding market breadth. In the graphics below you can see the ETFs I track and how they performed from week-to-week. I’m looking at three time-frames here with a short trend 9 SMA, a medium trend 50 SMA and a longer trend 200 SMA. These

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Market Breadth Update

The major indices put in a nice week and look poised to have a follow-through this coming week. If a follow-through occurs, the breadth will have made some higher highs as most indices are approaching 50% of their components trading above the 200 day moving average. Tech continues to lead the way so it will

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Market Breadth Update

A less than favorable end to the week for the bulls as the major indices took the elevator down on Friday. I guess the biggest news was the Russell 2000 (RUT) fell back into negative territory for the year. The Russell 2000 ($IWM) also took the biggest hit of the indices, as far as breadth

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Market Breadth Update

What a difference a week makes. The $DJIA was in the single digits as far as the number of components above the 200 SMA and now it stands at 40. Sure, volume wasn’t involved, but try telling that to those who held their short positions this past week. Next week has plenty of opportunities as

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Market Breadth Update

It is getting U-G-L-Y out there from both a price action and market breadth perspective. Lots of sectors and indices making new year-to-date lows in both price and breadth. With earnings season upon us it’s going to be an uphill battle for the bulls in the second half of the year. The DJIA is the

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