Market Breadth

This is a discussion on Market Breadth within the Technical Analysis forums, part of the Methods category; Attached is the updated P&F breadth charts. The short term NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R) ...

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Old Jul 14, 2012, 2:44pm   #43
 
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Re: Market Breadth

isatrader started this thread Attached is the updated P&F breadth charts. The short term NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R) moved back to Bull Confirmed status with Fridays price action, but the medium term charts are still in Bull Correction status. But all four are on a buy signal currently, so the breadth trend is up.

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Attached Thumbnails
bpnya_13-7-12.png   nya200r_13-7-12.png   nya150r_13-7-12.png  

nya50r_13-7-12.png   market-breadth-table_13-7-12.png  
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Old Jul 14, 2012, 2:47pm   #44
 
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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. All of which favour the bulls currently as well.
Attached Thumbnails
sc-10.png   sc-11.png   sc-12.png  

sc-13.png  
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Old Jul 24, 2012, 1:15am   #45
 
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Re: Market Breadth

isatrader started this thread Yesterday's price action moved the short and medium term breadth charts back to a column of Os and into Bull Correction Status. However, the 50 and the 150 are both very close to giving sell signals, and 150 made a lower high which isn't a good sign normally.

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Attached Thumbnails
bpnya_23-7-12.png   nya200r_23-7-12.png   nya150r_23-7-12.png  

nya50r_23-7-12.png   market-breadth-table_23-7-12.png  
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Old Jul 25, 2012, 12:18am   #46
 
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Re: Market Breadth

isatrader started this thread The short and medium term breadth charts both continued their move lower and gave sell signals and are now on Bear Confirmed status. Here's the charts:

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Click the image to open in full size.

Click the image to open in full size.
Attached Thumbnails
nya150r_24-7-12.png   nya50r_24-7-12.png   market-breadth-table_24-7-12.png  

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Old Jul 28, 2012, 6:23pm   #47
 
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Re: Market Breadth

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

This weeks whipsaw has left a mixed picture on the breadth charts with the short term NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R) and NYSE Percent of Stocks Above 150 Day Moving Average ($NYA150R) reversing back to Xs after their earlier sell signal. They haven't broken a new double top yet, and so are still on the sell side for the time being, but the $NYA50R is only one box from a new buy signal, although it's moved into the upper portion of the chart, which indicates increased risk.

Click the image to open in full size.

Another way I like to look at the breadth charts is as a line chart, so that I have a direct comparison with the S&P 500 price action. I've determined that a good buy signal is when the breadth line goes above the 30 week weighted moving average and manages to close the week with a higher high and also the moving average turns up. I've highlighted this with the green areas on the chart, and the opposite for a sell signal. Below is the chart which is still on the sell side and has yet to make a new move above the moving average, so it could take another month to get back to the buy signal, if it does at all that is, as it could easily continue lower from here as well as the trend is still down.

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Attached Thumbnails
bpnya_27-7-12.png   nya200r_27-7-12.png   nya150r_27-7-12.png  

nya50r_27-7-12.png   market-breadth-table_27-7-12.png   nya150r_line_27-7-12.png  

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Old Aug 3, 2012, 4:23pm   #48
 
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Re: Market Breadth

isatrader started this thread An intraday trend change on the S&P 500 (SPY) versus the US 30 Year Treasuries (TLT) 1 box reversal chart. So the trend has turned back in favour of equities again.

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sharpchartv05.png  
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Old Aug 7, 2012, 12:13am   #49
 
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Re: Market Breadth

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

Click the image to open in full size.

Today's (6th Aug) moves in the broad market has put the entire four P&F breath charts back to Bull Confirmed status with new buy signals on 3 of the 4. The short term NYSE Percent of Stocks Above 50 Day Moving Average ($NYA50R) has broken above it's two month consolidation and is now back in the high risk zone. However, the medium and longer term NYSE Percent of Stocks Above 150 Day Moving Average ($NYA150R) and the NYSE Percent of Stocks Above 200 Day Moving Average ($NYA200R) are both in good field positions with only medium risk. So there is plenty of room to the upside still for those charts. Positive signs again.
Attached Thumbnails
bpnya_7-8-12.png   nya200r_7-8-12.png   nya150r_7-8-12.png  

nya50r_7-8-12.png   market-breadth-table_7-8-12.png  
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