20131011 Probing the Universe

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20131011 Probing the Universe

I have been playing with my universe composite for a couple of months now and have started experimenting with some different charts.  This week I decided to start putting these into a weekly post to share.  Why do I think it is worth sharing? Mainly because my universe does not have the noise found in the NYSE breadth readings.  It is amazing how much noise you can cut out by eliminating ETFs (electronically traded funds) and CEFs (closed end funds) and just using Individual Stocks. One example that should stand out below is the Advanced Decline Line.  My stock only universe has not put in a major divergence in contrast to the $NYAD that got everyone riled up a few weeks ago.

Going forward I plan for this post to be mostly charts with little if any commentary. If you have a question about any please put it in comments and I will reply.

10-11-2013 RSI Weekly

Weekly RSI Chart

10-11-2013 RSI Daily

Daily RSI Chart

10-11-2013 AdvDec Line

Advanced Decline Line

10-11-2013 MA Breadth

Moving Average Breadth

10-11-2013 McClellan

McClellan Summation & Oscillator

10-11-2013 Breadth Thrust

Breadth Thrust Indicator

So there you have it. For quick review, my universe consist of 1968 individual stocks.

Good Luck!  It is there for you to make.

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(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
The information set forth herein was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation

About Author


is a Chartered Market Technician (CMT) and Certified Financial Planner (CFPr) in Greensboro Georgia (Outside Atlanta). Founding partner of Barber Lackey Financial Group, LLC, a Registered Investment Advisor. However, this blog is not affiliated with BLFG and does not make recommendations to buy sell or hold any securities.