Market breadth confirms the bounce | stockbee

11/10/2009

Market breadth confirms the bounce



Market Monitor
Market monitor is market breadth
based market timing tool

Current Readings
Bullish. Market is rebounding post a correction.




Type IndicatorValue Comments




Daily# of stocks up >4% on high volume48366 stocks with 100 million plus dollar volume.(M$V)



Daily# of stocks down>4% on high volume 85
3 stocks with 100 million plus M$V

Primary# of stocks up >25% in a quarter1032We are back in positive territory.
This market has had corrections , but they have been brief affair.
Primary# of stocks down>25% in a quarter517
Secondary # of stocks up> 50% in a month6
Secondary # of stocks down>50% in a month2
Secondary # of stocks up>25% in a month44
Secondary # of stocks down>25% in a month77
Primary
fast
# of stocks up>13% in 34 days1308
Primary
fast
# of stocks down>13% in 34 days1137
MMA+% of stocks in confirmed uptrend32
MMA-% of stocks in confirmed downtrend 36
10 day
cumulative
breadth
ratio
#of stocks up> 4% in last 10 days/
#of stocks down>4% in last 10 days
0.70There are two big 1152 and 854 negative day in last 10 days.
In next 2-3 days they will drop from cumulative total and
this ratio would show 2 plus breadth thrust.









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