A quick weekly view into the equity markets breadth as depicted by my “old” universe which does not include any Preferred stocks, ETFs or CEFs (closed end funds). I added “old” to the title this week because I have been working on a more complete universe for a new breadth and relative strength product I will be introducing in the weeks. I am excited about the potential advantages this research can provide for the slow (an intermediate) money investors out there. send me an email at email@example.com if you would like to be added to the email list as I get closer to the launch date I will have more details.
Also check out the Moving Average Breadth post for sector breakdowns
Weekly RSI Chart
Daily RSI Chart
Advanced Decline Line
Moving Average Breadth
McClellan Summation & Oscillator
Breadth Thrust Indicator
This week I have a bonus chart that will be closely monitored in the new service. The New High – New Lows Differential.
This analysis is powerful for broad market top and bottom calls. Chris Perruna goes into great lengths explaining its power on his website here and a few other articles. We found that by adding it to my “cleaner data” it can substantially improve the signals. This will be one key component to the new service. Who doesn’t want an early warning radar for market tops and bottoms?
Good Luck! It is there for you to make.