20131129 Probing the “Old” Universe

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20131129 Probing the “Old” Universe

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.

I have long believed the market breadth is another way to measure relative strength on a macro basis which is where most stop since every free charting software doesn’t have it in a one button indicator. It has fallen off many radars over the last decade which I think might make it even more valuable going forward.  I am excited about the potential advantages this research can provide for the slow (and intermediate) money investors by monitoring the breadth on various levels of the market to get a good idea where money is flowing too and from at any given time as well as when it is outright leaving the party.  Send me an email at gtlackey@gmail.com if you would like to be added to the email list to receive details as I get closer to the launch date.

Also check out the Moving Average Breadth post for sector breakdowns

11-29-2013 Universe RSI Weekly

Weekly RSI Chart

11-29-2013 Universe RSI Daily

Daily RSI Chart

11-29-2013 Universe AdvDecLine

Advanced Decline Line

11-29-2013 Universe MA Breadth

Moving Average Breadth

11-29-2013 Universe McClellan

McClellan Summation & Oscillator

11-29-2013 Universe BreadtThrust

Breadth Thrust Indicator

I included The New High – New Lows Differential chart again this week for review.

11-29-2013 Universe NHNL Dif

NHNL 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.

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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.