Market Breadth

This is a discussion on Market Breadth within the Technical Analysis forums, part of the Methods category; Another of my breath charts went positive yesterday, which was the line version of the NYSE Percent of Stocks Above ...

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Old Aug 8, 2012, 10:57am   #51
 
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Re: Market Breadth

isatrader started this thread Another of my breath charts went positive yesterday, which was the line version of the NYSE Percent of Stocks Above 150 Day Moving Average ($NYA150R) closing above the 30 week WMA. It's only a preliminary signal though, as it needs to close the week above it first to be valid.

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Old Aug 11, 2012, 5:54pm   #52
 
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Re: Market Breadth

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Another of my breath charts went positive yesterday, which was the line version of the NYSE Percent of Stocks Above 150 Day Moving Average ($NYA150R) closing above the 30 week WMA. It's only a preliminary signal though, as it needs to close the week above it first to be valid.

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The breadth buy signal was confirmed for me with a close at the end of the week above July's high. So a higher high, and a break back above the 30 week WMA.

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nya150r_line_10-8-12.png   nya150r_10-8-12.png  
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Old Aug 17, 2012, 11:43am   #53
 
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NYSE Advance Decline Cumulative Volume

isatrader started this thread Another breadth chart I recently discovered when reading one of Stockcharts blogs was the NYSE Advance Decline Cumulative Volume / NYSE Primary Market Total Volume ($NYUD:$NYTV). This measures the volume of the NYSE Advance Declines and so is another useful way of gauging the market strength as you can compare it against the straight AD chart to see if there is volume backing any advance or decline.

Currently this is above it's moving average and has broken above it's previous June high and is showing volume coming back into the market after the May sell off.

You can also look at the Nasdaq A/D Cumulative volume with symbol $NAUD:$NATV

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The weekly chart is also interesting as it's broken out to new highs, which backs up the straight weekly cumulative charts move to new highs. The crosses above and below the 30 week MA also look useful for medium term timing.

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nyse-ad-vol_16-8-12_2.png   sc-29.png   nyse-ad-vol_weekly_16-8-12.png  

sc-32.png  
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Old Aug 24, 2012, 12:33am   #54
 
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Re: Market Breadth

isatrader started this thread The NYSE New 52 Week Highs and New 52 Week Lows chart dropped back into the neutral zone today after the last two months of the New 52 Week Highs trading above the bullish 100 level. However, there was also only 10 new lows, so there is no new signal, but the new highs needs to get back above 100.

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Old Sep 2, 2012, 8:24pm   #55
 
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Re: Market Breadth

isatrader started this thread Attached is the updated P&F breadth charts, which are currently on short term Bull Correction status. But, the medium and longer term measures continue to be on Bull Confirmed status.

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Also attached, is the NYSE percentage of stocks above their 150 day MA (NYA150R) weekly and daily line charts - for those that can't read the point and figure charts. Which shows the positive breakout on the 9th August on the daily chart above the previous swing high and the confirmation on the weekly chart that same week.
Attached Thumbnails
nya150r_line_31-8-12.png   bpnya_31-8-12.png   nya200r_31-8-12.png  

nya150r_31-8-12.png   nya50r_31-8-12.png   market-breadth-table_31-8-12.png  

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Old Sep 2, 2012, 8:35pm   #56
 
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Re: Market Breadth

isatrader started this thread The NYSE New 52 Week Highs and New 52 Week Lows chart recovered from it's move back into neutral status, and is now back above the 100 line on Bull Status again.

Also below, is this weeks cumulative weekly and daily Advance Decline charts which continue to be positive and trade close to new highs. However, as the volume has been light during August with professional traders largely on holiday, it will be interesting to see the breadth changes in the coming weeks and if they confirm the current bullish trend.

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sc-57.png   sc-58.png   sc-59.png  

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Old Sep 10, 2012, 1:03pm   #57
 
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Re: Market Breadth

isatrader started this thread Attached is the updated P&F breadth charts.

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The longer and medium term breadth measures have continued to gain strength with the NYSE Percent of Stocks Above 200 Day Moving Average ($NYA200R) and the NYSE Percent of Stocks Above 150 Day Moving Average ($NYA150R) now in the upper higher risk zone for the first time since the breakdown in early May.

The shorter term NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R) breadth chart also gave a continuation move and is approaching the top of it's normal range as 80.81% of the 3095 stocks in the NYSE are above their 50 day moving averages. If you look back across the current chart for comparative periods, you'll see late Sept 2010, mid to late October 2011 and late January 2012. So all of those were early in the medium term breakouts, but in October 2011 it was close to a near term high.

If we apply the same comparison across the other two medium to longer term NYSE Percent of Stocks charts then their levels were first reached in Oct06, Jul09, Oct10, Feb12 on the NYSE Percent of Stocks Above 200 Day Moving Average ($NYA200R) and May09, Oct10, Jan12 on the NYSE Percent of Stocks Above 150 Day Moving Average ($NYA150R). Promising signs maybe? As these were good times to buy.

So Bull Confirmed status again across the board, but with higher risk on 3 of the 4 charts now to be aware of.

Attached are the P&F charts and the line chart of the NYSE Percent of Stocks Above 150 Day Moving Average ($NYA150R) for those that don't or can't read P&F charts.
Attached Thumbnails
bpnya_7-9-12.png   nya200r_7-9-12.png   nya150r_7-9-12.png  

nya50r_7-9-12.png   nya150r_line_7-9-12.png   market-breadth-table_7-9-12.png  

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Old Sep 10, 2012, 1:41pm   #58
 
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Re: Market Breadth

isatrader started this thread Attached is the updated cumulative daily and weekly Advance Decline charts. The NYSE Advance Decline Cumulative Volume / NYSE Primary Market Total Volume ($NYUD:$NYTV) daily and weekly charts which measure the volume of the NYSE Advance Declines. And the daily and weekly New Highs New Lows charts. All of which are still looking good, but a very high reading on the new highs you'll notice.
Attached Thumbnails
sc.png   sc-1.png   sc-4.png  

sc-5.png   sc-2.png   sc-3.png  

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Old Sep 10, 2012, 3:01pm   #59
 
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Re: Market Breadth

isatrader started this thread As I mentioned earlier in the thread. One tool I find really useful is the Dorsey Sector's Bell Curve, as it shows the distribution of all of their 40 stock sectors bullish percent chart levels on a bell curve. So you can see where the relative strength and weakness is in the market.

I last updated this on the 16th June when it was 39.48% and said it was near the lowest levels it's been at since November 2011. The market has recovered nicely since then and currently the average for this is at 52.64%, which is broadly neutral. And so the individual sectors have plenty of room in either direction still to work with and as the trend has been bullish for the latest few months then that would seem to be the path of least resistance for the time being.

Attached is the comparison chart with the current chart under the previous June bell curve so you can see what areas have improved.

It's not a free resource, so you need to have a subscription to Dorsey's site, but as I mentioned before in post #3 you can create your own free version using stockcharts.com

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sector_bell_curve_7-9-12.png  
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Old Sep 13, 2012, 12:06pm   #60
 
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SPY/TLT Ratio

isatrader started this thread Yesterday saw the first continuation move in the S&P 500 SPDRs/iShares Barclays 20+ Year Treasury Bond Fund (SPY:TLT) ratio since the trend turned bullish on August 3rd - see post #48 here: http://www.trade2win.com/boards/tech...ml#post1931826 and so added some confirmation to the trend status. The 200 day moving average has also turned up and the 50 day moving average is getting closer to crossing it.

Attached is the 1 box P&F chart, but also I'm going to include the line chart versions with the daily and weekly charts for those that don't read point and figure charts. On the weekly chart you'll notice that the S&P 500 has broken above the downtrend line that's been in place for almost 2 years - which is another positive for equities.

The line charts are interesting. I hadn't looked at them before, as I've been focusing on the P&F chart version to determine trend. But the figures are similar to currencies as it's range for the last two years has been roughly between 1.52 and 0.92. It shows that it could be traded like a currency by being long one and short the other depending on the trend.

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sharpchartv05-4.png   sc-10.png   sc-11.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.

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