Market Breadth

This is a discussion on Market Breadth within the Technical Analysis forums, part of the Methods category; The short term positive signal from last week has turned around to Bull Correction status now, with the medium to ...

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Old May 5, 2012, 11:34pm   #21
 
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Market Breadth Update

isatrader started this thread The short term positive signal from last week has turned around to Bull Correction status now, with the medium to longer term status's changing to Bear Confirmed as they both dropped below the key 70% level this week.

The percentage of stocks below their 150 day (30 week) moving average ($NYA150R) is a key one to watch now as it's approaching it's 60% level. Dorsey has done research that they call the 80-60-40 rule which shows that every time it drops to the 60% level from being above the 80% it then will reach the 40% level before it reaches the 80% again, so lets hope it manages to hold above that level this week or the bear case will become stronger.

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Attached Thumbnails
market-breadth-table_4-5-12.png   bpnya_4-5-12.png   nya200r_4-5-12.png  

nya150r_4-5-12.png   nya50r_4-5-12.png  
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Old May 5, 2012, 11:38pm   #22
 
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Re: Market Breadth

isatrader started this thread Attached is the latest cumulative weekly and daily Advance Decline charts and the weekly and daily New Highs New Lows charts.
Attached Thumbnails
sc-1.png   sc.png   sc-3.png  

sc-2.png  
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Old May 12, 2012, 2:59pm   #23
 
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Re: Market Breadth

isatrader started this thread The daily Advance Decline line and the daily New Highs New Lows are showing a positive divergence with the price action of the market. So a promising sign that we may have put in a short term bottom last week.

Attached is the latest cumulative weekly and daily Advance Decline charts and the weekly and daily New Highs New Lows charts.
Attached Thumbnails
sc-5.png   sc-6.png   sc-7.png  

sc-8.png  
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Old May 12, 2012, 6:24pm   #24
 
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Re: Market Breadth

love it. subscribed.
thanks for a lot of excellent quality hard work !
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Old May 20, 2012, 6:19pm   #25
 
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Re: Market Breadth

isatrader started this thread
Quote:
Originally Posted by rathcoole_exile View Post
love it. subscribed.
thanks for a lot of excellent quality hard work !
Thanks rathcoole. I appreciate it.

Here's this weeks cumulative weekly and daily Advance Decline charts and the weekly and daily New Highs New Lows charts. All of which are confirming the down move now.
Attached Thumbnails
sc-9.png   sc-10.png   sc-11.png  

sc-12.png  
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Old May 20, 2012, 6:36pm   #26
 
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Re: Market Breadth

hi isa
levitt brothers/jason levitt has some great stuff on market breadth
here is the link to the video
Leavitt Brothers: Blog
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Thanks! The following members like this post: timsk
Old May 20, 2012, 6:40pm   #27
 
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Re: Market Breadth

isa
if you watch the video
at the end he does the market breadth indecators.Jason levitt has some newish ways of interpreting those breadth indecators,which i do like.gives a much more short term veiw
just my opinion
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Old May 20, 2012, 6:57pm   #28
 
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Re: Market Breadth

isatrader started this thread Thanks dentist, it's interesting to see the different ways of using them. Stockcharts feature different styles of line versions in their blogs regularly as well for free. Here's the link to Friday's article on the Bullish Percent Index:
BULLISH PERCENT INDEX LED MARKETS LOWER - ChartWatchers - StockCharts.com Blogs
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Old May 21, 2012, 1:28am   #29
 
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Re: Market Breadth

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

The long term NYSE Bullish Percent Index ($BPNYA) is getting closer to breaking down into bear confirmed status, but isn't quite there yet and could still be saved as the short term NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R) is hugely oversold at levels not seen since the August to September period last year. So short term risk is now in the low category, however, as you can see from previous moves to these levels, a few months of basing can occur. So for a longer term investor it is time to start making your shopping list imo and adding small positions gradually in the quality names that show the best relative strength which will bottom first. As stocks don't all bottom at the same time and the breadth charts aren't indicating any let up in the selling as yet.
Attached Thumbnails
bpnya_18-5-12.png   nya200r_18-5-12.png   nya150r_18-5-12.png  

nya50r_18-5-12.png   market-breadth-table_18-5-12.png  
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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; May 21, 2012 at 1:40am.
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Old May 27, 2012, 9:19pm   #30
 
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Re: Market Breadth

isatrader started this thread Here's this weeks cumulative weekly and daily Advance Decline charts and the weekly and daily New Highs New Lows charts.
Attached Thumbnails
sc.png   sc-1.png   sc-2.png  

sc-3.png  
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