Breadth Deteriorated Sending a Serious Bearish Signal
(6) The different between NYSE stocks making new highs and stocks making new lows spiked sharply lower, indicating a strong bearish internals behind the selloff. For a clear description of what that could mean, please read the observations marked on chart..
(7) Another breadth indicator which is the stocks...
Market Breadth
HIGN/SPX:
The number of Stocks contributing to new highs continues to deteriorate and we haven't seen any improvement despite the gradual upside seen in Stocks indices..
This is the percentage of stocks on the New York stock exchange making new highs divided by the whole spx. The breadth shows that the bull market continues to be driven by...
When you look at the NYSE New Highs - the pattern is to retest the price zone where you see at least 260 New Highs.
We are doing the test of the November buying wave here for a 3rd time.
The pattern has always been:
1. Make new highs
2. Sell off and spike up VIX
3. Make new highs
4. Sell off and spike up VIX
Either way, we didn't get a new high after the...
The number of Stocks contributing to new highs continues to deteriorate.
This is the percentage of stocks on the New York stock exchange making new highs divided by the whole spx. The breadth shows that the bull market continues to be driven by fewer and fewer stocks, as the spx breaks to new highs however fewer and fewer stocks on the NYSE making new highs,...
Update to previous chart linked below Looking at a moving average of the NYSE New highs minus new lows. My thoughts in the first chart were that observing the prevailing trend of the moving average would give clues to the health of the market.
If the prevailing trend of New High-New Lows holds, the current pull back may be short lived. A break here similar to...
Something I just started looking at, maybe it could add some clues as to whether this recent pullback and sharp rally are a part of a topping process or setting the stage for a new leg higher. The upper indicator is the 10 day MA of the New highs - new lows. I decided to use a ma of the underlying indicator to smooth out some of the spikes and to see if any...
Maybe its just the beginning... I am examining the market breadth by subtracting the number of NYSE stocks making new highs from the stocks making new lows, the study points to a potential major reversal could be at hand...
If for example:
-500 stocks making new highs and only 20 stocks making new lows then we will get a 480 stocks sum, and there for the index...
