New Tools: May 15, 2015 Breadth Thrust Dashboards

  • 0

New Tools: May 15, 2015 Breadth Thrust Dashboards

As mentioned a few weeks ago, I am always working on ways to find potential fast moves early.  One of the better short term breadth indicators I use for reversal plays is the Breadth Thrust Indicator which I alway post on the broad sector level, but until now it has taken too long to search through all 49 subsectors to see where we might have a good potential for a more focused bottom.  I actually prefer this indicator to the McClellan Oscillator because it is a ratio calculation allowing for better relative comparisons to other subsectors.  It is an even bigger bonus is that this indicator gets no respect, most see a bunch of squiggly erratic lines on the chart.  I have seen the Breadth Thrust Indicator dismissed so many times, which makes it that much more valuable in my eyes.

This weekend I built this layout that allows quick scanning of all 49 subsectors on one screen.   I am still working with its size and scaling for best visual.  So far, I like it.  I am sure I will include this in the SIN report from time to time, but for now I will be monitoring its characteristics closely to see how best to utilize it in my portfolio management process.  Let me know if you have any ideas, I always appreciate a good conversation on how to better use my tools.

Broad Sectors5-15-2015 BSec Breath Thrust DashboardBasic Materials5-18-2015 Basic Materials SS BreadthThrust DBConsumer Discretionary5-18-2015 Consumer Discretionary SS BreadthThrust DBConsumer Staples5-18-2015 Consumer Staples SS BreadthThrust DBEnergy5-18-2015 Energy SS BreadthThrust DBFinancials5-18-2015 Financials SS BreadthThrust DBHealth Care5-18-2015 Health Care SS BreadthThrust DBIndustrials5-18-2015 Industrials SS BreadthThrust DBReal Estate5-18-2015 Real Estate SS BreadthThrust DBTechnology5-18-2015 Technology SS BreadthThrust DBUtilities5-18-2015 Utilities SS BreadthThrust DB

Have a great week!

G. Thomas Lackey Jr, CMT CFP® CFS

(All market data above are derived from, 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.