Market Breadth

This is a discussion on Market Breadth within the Technical Analysis forums, part of the Methods category; For people that don't like point and figure charts, or don't understand them you can also use line charts for ...

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Old Jun 20, 2012, 1:10pm   #36
 
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Re: Market Breadth

isatrader started this thread For people that don't like point and figure charts, or don't understand them you can also use line charts for the breadth indicators to good effect. They do this regularly on stockcharts market reports and add trend lines, moving averages etc.

So as an example, attached is the weekly and daily chart of the Percentage of stocks above their 150 day moving average ($NYA150R) as a line chart. I've also added a 30 week moving average to the weekly chart and a 50 day and 200 day MA to the daily chart.

As you can see there's some good short term entry and exit points if you use horizontal trend lines on the daily charts and also medium term entry and exit points if you use crosses above and below the 30 week MA on the weekly chart. As with anything, it's not perfect, but it's clear it's useful to keep an eye on imo.
Attached Thumbnails
sc-8.png   sc-9.png  
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Old Jun 22, 2012, 2:49pm   #37
 
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Re: Market Breadth

isatrader started this thread I've been experimenting with the line versions of the breath indicators and marked up a chart comparing the S&P 500 with the NYSE percentage of stocks above their 150 day moving average ($NYA150R). As I believe the breadth indicators are forward-looking and so peak before the index does and hence give advance buy and sell signals before the index price moves.

It is not perfect, but by using breaks above and below horizontal trend lines at close prices and the 30 week weighted moving average it has generated some good advance signals over the last few years.

The 30% and 70% are key levels also to watch, so the signal will be stronger if it moves above or below them also.

Attached is the marked up chart. The circles on the S&P 500 denote the price level of the signals.

Click the image to open in full size.
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spx_stages_21_6_12_breadth.png  
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Old Jun 26, 2012, 2:48pm   #38
 
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Re: Market Breadth

isatrader started this thread Below is the latest breadth charts:

Click the image to open in full size.
Attached Thumbnails
bpnya_25-6-12.png   nya200r_25-6-12.png   nya150r_25-6-12.png  

nya50r_25-6-12.png   market-breadth-table_25-6-12.png  
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Old Jun 30, 2012, 2:40pm   #39
 
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Re: Market Breadth

isatrader started this thread We've had some more changes with this weeks market movements, so below is the latest breadth charts, which the short to medium term charts are now all in Bull Confirmed status and a good field position.

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Attached Thumbnails
bpnya_29-6-12.png   nya200r_29-6-12.png   nya150r_29-6-12.png  

nya50r_29-6-12.png   market-breadth-table_29-6-12.png  
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Old Jun 30, 2012, 2:45pm   #40
 
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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, which are confirming the short term strength imo. The cumulative Advance Decline is close to breaking out to a new high after a consolidation, which has proved to be a good buying point in the past imo from looking back over the long term chart.
Attached Thumbnails
sc-4.png   sc-5.png   sc-6.png  

sc-7.png  
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Old Jul 4, 2012, 12:49pm   #41
 
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Re: Market Breadth

isatrader started this thread Yesterday saw the NYSE Bullish Percent Index ($BPNYA) reverse back to Xs for the first time since early April. Which now puts it back on Bull Confirmed status along with the other three P&F charts I focus on. So using a Dorsey football analogy; your team has possession of the ball in the middle of pitch and it's now your job to try to score in the end zone.

Here's the updated chart

Click the image to open in full size.
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bpnya_3-7-12.png  
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Old Jul 11, 2012, 9:58am   #42
 
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Re: Market Breadth

isatrader started this thread Attached is the updated breadth charts, of which most have moved to Bull Correction status.

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bpnya_10-7-12.png   nya200r_10-7-12.png   nya150r_10-7-12.png  

nya50r_10-7-12.png   market-breadth-table_10-7-12.png  
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