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 am in the final stages of my new project, so you will be seeing some changes in the coming weeks and into early next year.
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. It seems this might end up being the perfect time for such research if the market continues to change character. Send me an email at gtlackey at 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
Weekly RSI Chart
Daily RSI Chart
Advanced Decline Line
Moving Average Breadth
McClellan Summation & Oscillator
Breadth Thrust Indicator
Good Luck! It is there for you to make.