Chinese Stocks resume rally | stockbee


Chinese Stocks resume rally

  • Chinese stocks have started to rally .

Market Monitor
Market monitor is market breadth
based market timing tool

Current Readings
Market in correction.

Type IndicatorValue Comments

Daily# of stocks up >4% on high volume39455 stocks with 100 million plus dollar volume.(M$V)

Daily# of stocks down>4% on high volume 73
6 stocks with 100 million plus M$V
Primary# of stocks up >25% in a quarter1896
Primary# of stocks down>25% in a quarter242We keep hovering between 200 to 350 range.

Secondary # of stocks up> 50% in a month7 Not many large moves happening currently.
Secondary # of stocks down>50% in a month1
Secondary # of stocks up>25% in a month55Back in positive territory. But again not many big moves.
So post breakout many stocks are going sideways.
Secondary # of stocks down>25% in a month18.
# of stocks up>13% in 34 days1802
# of stocks down>13% in 34 days672
MMA+% of stocks in confirmed uptrend60
MMA-% of stocks in confirmed downtrend 17
10 day
#of stocks up> 4% in last 10 days/
#of stocks down>4% in last 10 days
1.34A reading above 2 will signal bullish breadth thrust.
A reading of below 0.5 on this will confirm bearish trend.

No comments: