How I get the Market Monitor Numbers

I am often asked by readers about how the numbers in Stockbee Market Monitor are calculated.

I use the old version of Telechart to run MM scans . If you are telechart users you will understand what these scans try to find. The following scans are for both versions.

Common Stock is the list used for all scans as it eliminates ETF.

Telechart Version 7 Scans

Universe: US common stocks

Number of Stocks up 4% plus today

( 100 * (C ­ C1) / C1) >= 4 AND V >= 1000 AND V > V1


Number of Stocks down 4% plus today

( 100 * (C ­ C1) / C1) <= ( ­-4) AND V >= 1000 AND V > V1


Number of Stock up 25% plus in a quarter

100 * ((C + .01) ­ ( MINC65 + .01)) / (MINC65 + .01) >= 25 and AVGC20 * AVGV20 >= 2500


Number of Stock down 25% plus in a quarter

(100 * ((C + .01) ­ (MAXC65 + .01)) / (MAXC65 + .01)) <= ( ­ 25) and AVGC20 * AVGV20 >= 2500


Number of stocks up 25% plus in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 2500 AND 100 * (C ­ C20) / C20 >= 25


Number of stocks down 25% plus in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 2500 AND 100 * (C ­ C20) / C20 <= ( ­ 25)


Number of stock up 50% or more in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 2500 AND 100 * (C ­ C20) / C20 >= 50


Number of stock down 50% or more in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 2500 AND 100 * (C ­ C20) / C20 <= ( ­ 50)


Stock up 50% or more in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 2500 AND 100 * (C ­ C20) / C20 >= 50


Number of stocks up 13% plus in 34 days

100 * ((C + .01) ­ ( MINC34 + .01)) / (MINC34 + .01) >= 13 and (AVGC20 * AVGV20) >= 2500


Number of stocks down  13% plus in 34 days

(100 * ((C + .01) ­ (MAXC34 + .01)) / (MAXC34 + .01)) <= ( ­ 13) and (AVGC20 * AVGV20) >= 2500


Scans for Telechart Version 12.4

Universe: US Common Stocks


Number of Stocks up 4% plus today

( 100 * (C ­ C1) / C1) >= 4 AND V >= 100000 AND V > V1


Number of Stocks down 4% plus today

( 100 * (C ­ C1) / C1) <= ( ­ 4) AND V >= 100000 AND V > V1


Number of Stock up 25% plus in a quarter

100 * ((C + .01) ­ ( MINC65 + .01)) / (MINC65 + .01) >= 25 and AVGC20 * AVGV20 >= 250000


Number of Stock down 25% plus in a quarter

(100 * ((C + .01) ­ (MAXC65 + .01)) / (MAXC65 + .01)) <= ( ­ 25) and AVGC20 * AVGV20 >= 250000


Number of stocks up 25% plus in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 250000 AND 100 * (C ­ C20) / C20 >= 25


Number of stocks down 25% plus in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 250000 AND 100 * (C ­ C20) / C20 <= ( ­ 25)


Number of stock up 50% or more in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 250000 AND 100 * (C ­ C20) / C20 >= 50


Number of stock down 50% or more in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 250000 AND 100 * (C ­ C20) / C20 <= ( ­ 50)


Stock up 50% or more in a month

C20 >= 5 AND (AVGC20 * AVGV20) >= 250000 AND 100 * (C ­ C20) / C20 >= 50


Number of stocks up 13% plus in 34 days

100 * ((C + .01) ­ ( MINC34 + .01)) / (MINC34 + .01) >= 13 and (AVGC20 * AVGV20) >= 250000


Number of stocks down  13% plus in 34 days

(100 * ((C + .01) ­ (MAXC34 + .01)) / (MAXC34 + .01)) <= ( ­ 13) and (AVGC20 * AVGV20) >= 250000

All these scan measure breadth on of different magnitude and duration. As a general observation extreme breadth happens near turns.

If you want to use market timing tools like these spend some time understanding the concept of market breadth.