Market Breadth

This is a discussion on Market Breadth within the Technical Analysis forums, part of the Methods category; We've had more activity in the last week than we've had in months with the status changing sides very rapidly. ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 13, 2012, 12:21am   #8
 
isatrader's Avatar
Joined Oct 2010
Re: Market Breadth

isatrader started this thread Click the image to open in full size.

We've had more activity in the last week than we've had in months with the status changing sides very rapidly. Today's changes (12th April) were positive once again with the short term NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R) bouncing from Tuesday's very oversold condition to go onto Bull Alert status with it's move to Xs back above the key 30% lower level. 43.14% of stocks in the NYSE are now above their 50 day moving average.

The NYSE Percent of Stocks Above 150 Day Moving Average ($NYA150R) and the NYSE Percent of Stocks Above 200 Day Moving Average ($NYA200R) also reversed back to Xs above 70% once more, although they are still on P&F sell signals. So both have moved to Bear Correction status and strategy for medium to long term positions should now become that of wealth preservation.
Attached Thumbnails
bpnya_12-4-12.png   nya200r_12-4-12.png   nya150r_12-4-12.png  

nya50r_12-4-12.png   market-breadth-table_12-4-12.png  
__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.

Last edited by isatrader; Apr 13, 2012 at 7:58am.
isatrader is offline   Reply With Quote
Old Apr 13, 2012, 9:29am   #9
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
timsk's Avatar
Joined Mar 2002
Re: Market Breadth

Excellent thread isatrader - good work!
__________________
I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
timsk is offline   Reply With Quote
Old Apr 13, 2012, 10:32am   #10
 
isatrader's Avatar
Joined Oct 2010
Re: Market Breadth

isatrader started this thread Thanks Tim, I appreciate it.
__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.
isatrader is offline   Reply With Quote
Old Apr 14, 2012, 1:54am   #11
 
isatrader's Avatar
Joined Oct 2010
Major Sectors Bell Curve

isatrader started this thread I've updated the bell curve of the major sector bullish percent charts that you can get for free on Stockcharts and I've also attached the 12 individual bullish percent charts so that you can see how they relate on the bell curve.

When I last did the bell curve on the 2nd April here: http://www.trade2win.com/boards/tech...ml#post1822960 it showed a very overbought market with a median distribution of 83.86%; the price action since then has brought the median distribution down to 75% with a number of sectors turning negative or giving bear alerts. The Gold miners have continued to be very weak dropping to extremely oversold levels of just 10.71% of gold miners on P&F buy signals currently.

Risk continues to be very high in the majority of sectors, so caution is needed.

Below is the table and sector bell curve

Click the image to open in full size.

Click the image to open in full size.
Attached Thumbnails
sharpchartv05-4.png   sharpchartv05-5.png   sharpchartv05-6.png  

sharpchartv05-7.png   sharpchartv05-8.png   sharpchartv05-9.png  

sharpchartv05-10.png   sharpchartv05-11.png   sharpchartv05-12.png  

sharpchartv05-13.png   sharpchartv05-14.png   sharpchartv05-15.png  

sc_sector-bell-curve_list_13-4-12.png   sc_sector-bell-curve_13-4-12.png  
__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.

Last edited by isatrader; Apr 14, 2012 at 2:10am.
isatrader is offline   Reply With Quote
Old Apr 14, 2012, 2:29am   #12
 
isatrader's Avatar
Joined Oct 2010
Market Breadth Update

isatrader started this thread There was only one change in status to note today (13th April) and that was on the short term NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R), which is also know as the % Above 10. The status moved to Bear Confirmed after a brief Bull Alert on Wednesday and Thursday. So the table is looking a lot more negative again with the short term indicator on Bear Confirmed status; the medium term indicator on Bear Correction status and the long term indicator on Bear Correction status. The head coach of the team is the NYSE Bullish Percent Index though, which is still currently only on Bear Alert status suggesting that we should have our defensive strategy in play as the market currently has the ball and is attempting to score against us.

Here's the updated table and NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R) chart:

Click the image to open in full size.

Click the image to open in full size.
Attached Thumbnails
market-breadth-table_13-4-12.png   nya50r_13-4-12.png  
__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.
isatrader is offline   Reply With Quote
Old Apr 14, 2012, 8:14am   #13
 
dentist007's Avatar
Joined Mar 2003
Re: Market Breadth

hey isa..some nice charts there
the plot from what i can see on the last chart is box size 2% by 3 reversal.there is only one data point per day..so it is a close
to make this chart go really ballistic and tell a more important story
1.go down to 1 box reversal
2.start at 1% box size and go up in increments of 0.1%
3.look for trends by drawing a trendline according to 1 box rules
now at some point,you will find a good trend..save that chart settings
then you can base trades accordingly..you will have found the true short term trend,and you will be able to judge trend reversals more accurately
chartcraft display bullish percent as a line chart..what you will be doing is displaying a good idea of the true trend
better still use s&p 500...imho..nyse might have too many small caps
takes a little longer...but you will identify the best trend and be able to establish reversals more quickly.3 box reversals are too clumsy in a volatile market..imho
the charts will be much wider,but who cares.it is the short term trend that you want and then correlate that with the bigger picture
dentist007 is online now   Reply With Quote
Old Apr 14, 2012, 8:43am   #14
 
dentist007's Avatar
Joined Mar 2003
Re: Market Breadth

forgot to add
you will see more consolidations..but you will be able to assess the breakouts more clearly
remember..a break of trendline is a possible signal to close positions and not to anticipate a reversal on 1 box
dentist007 is online now   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Market Breadth canyondan First Steps 0 Apr 3, 2009 6:18pm
Market Breadth Analysis 05/09/01 ChartMan Technical Analysis 1 Sep 5, 2001 7:26pm
Market Breadth Analysis 04/09/01 ChartMan Technical Analysis 0 Sep 4, 2001 8:04pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)