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MM

Market Monitor 2015


Stockbee Market Monitor is breadth based market timing tracker. Extremely positive/negative breadth is used for market timing.

Post explaining how to use this information:

How to use market breadth to avoid market crashes 

26 comments:

Phillip K. said...

What is the second to last column, "T2108"? Thanks!

Phillip K. said...

What is the purpose of the second to last column, "T2108" and how is it calculated. Thanks!

Pradeep Bonde said...

% of stocks above 40 day moving average. Readings below 20 lead to botoms

louie colobong said...

From the market monitor how do we know if the approaching correction is a major correction (say 10% or more) or a minor one (less than 10%)? Btw thanks a lot for sharing you knowledge through this blog. I have learned a lot and elevated my trading skills to the next level.

Pradeep Bonde said...

If you see major breadth deterioration and series of 700 plus days on 4% plus down then it is likely to develop in to larger correction.

Phillip K. said...

Can you explain what the "5 Day ratio" and the "10 Day ratio" calculates?

Pradeep Bonde said...

It is ratio of 5 days of 4% b/o /5 days 4% b/d same for 10 days using 10 day data.

Stock Jaguar said...

From where do you gather the data to calculate these? ie, no of stocks below 4% in a week etc. Thanks,

Pradeep Bonde said...

From Teechart data base.

ANS said...

Hello Pradeep,

Today's data (row) is not showing up. Is there any way to fix it? I'm not sure if the 10 day ratio has gone below 0.5 or not, though maybe close. Can you please let me know?

Thanks,

Pradeep Bonde said...

updated. the ratio is approaching .5

ML said...

are the large number of red bars on "Number of stocks up 50% + in a month" showing near market top? how much time do you think before the bull rest/pause? weeks/months? thanks.

Pradeep Bonde said...

In next smaller time frame a pullback likely.

M Lent said...

now that we are at the other extreme, what are you watching to 'confirm' a bullish bias? more green bars, 5 day or 10 day ratio turning to 1 or do you want to see more selling extreme like maybe 1000+ on 4%+ down day before believing the market will turn around?

Pradeep Bonde said...

Signs of extreme bearishness in Primary indicator. If I see number of stocks up 25% in Q below 300 I will be bullish. At the moment not enough bearishness.

M Lent said...

now that most the pundit are saying it is a 'great' time to buy at bargain so we might see a short term bounce don't you think?

Pradeep Bonde said...

Yes

ML said...

is the market back to normal already? no need to see extreme reading on the primary indicators?

Keith G said...

Hi, can you tell me what is the calculation for the 5 days of 4% b/o /5 days 4% b/d? What is criteria for numerator, and what is criteria for denominator?

Thanks!!

Keith

Pradeep Bonde said...

total of 5 days 4% b/o divided by total of 5 days 4% b/d

Keith G said...

Thank you. What is the input criteria for the 4% b/o and 4% b/d scans?

Pradeep Bonde said...

Search on the site I have posted my scans for all Market Monitor fields.

ML said...

in your experience when 25% plus quarter go below 200 indicates a good time to buy the dip?

Pradeep Bonde said...

yes

ML said...

when you see 5 day ratio and 4% up/down day oscillating between plus and minus, is that an indication that more trouble ahead?

Pradeep Bonde said...

no