Tag: breadth

Average Daily Return

A different way to approach breadth is to look at the average daily return over a period. The charts below use a month to assess market strength over that period. Both the Dow & S&P 500 had their best January in the last 13 years. In fact, the SPY had its 17th best month of

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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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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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Quarterly Update

One of my favorite ways to track the broader market is by the number of advancers and decliners in a given time period. Since the quarter closed yesterday I thought I’d share a chart that compares the advancers to decliners at the end of the quarter. The data goes back to 2000 and I’ve added

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Market Breadth Update

June option expiration has come and gone and the markets have held their own as each of the major indices stayed above the 200 SMA. The biggest gainers for the past week were the Dow and the utilities sector ($XLU). The health-care ($XLV), consumer discretionary ($XLY) and consumer staples ($XLP) sectors were flat while precious

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What about the volume?

I’ve always been a fan of volume and still to this day I like to keep an eye on it. Not so much the day-to-day volume, but more like when a significant technical level is broken. I also pay attention to the volume in the option chains. In fact, I probably spend more time in

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Bullish Percent Index

The Bullish Percent Index (BPI) is a unique way to measure market breadth. The BPI is calculated by dividing the number of stocks in a given group (S&P 500 for this example) that have given a buy signal via Point and Figure charts, by the total number of stocks in that group. The group is

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Bottom Fishing

The markets took another one on the chin today as all the major indices closed down again–for the fifth straight day. I’m not calling for it, but I would not be surprised to see a bounce tomorrow due to the fact that we have been down 5 days straight. At any rate, it’s been in

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Test, Test, 1,2,3…

In comparing today’s market activity with yesterday’s you can definitely tell the difference when the market is acting in unison. For those of you that trade intraday you can definitely see the momentum if you look at the breadth and the trin. I’ve put charts up for both and you can see that there wasn’t

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You Want Fries With That Chop?

Chop, chop, chop and not much else today as the markets moved up and down and ending flat for the most part. Take a look at the breadth of the NYSE and you can see that there really was no clear direction today. However, the volume did pick up; it just didn’t move anything really.

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