Comments on: Market Breadth Doesn’t Matter, Until It Does http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html Freshly squeezed market commentary & analysis Sun, 08 Nov 2009 02:21:35 +0000 http://wordpress.org/?v=2.0.2 by: mark http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33144 Thu, 15 May 2008 07:12:43 +0000 http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33144 thanks!! thanks!!

]]> by: Long Term Cumulative Breadth Charts http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33139 Wed, 14 May 2008 23:26:11 +0000 http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33139 [...] Last week I suggested that market breadth doesn’t matter, until it does. By which I meant that inspecting every twitch of the cumulative breadth measure for the market isn’t all that useful. [...] […] Last week I suggested that market breadth doesn’t matter, until it does. By which I meant that inspecting every twitch of the cumulative breadth measure for the market isn’t all that useful. […]

]]> by: Babak http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33137 Wed, 14 May 2008 22:58:00 +0000 http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33137 Tom, thanks for the kind words. The stockcharts.com symbol is $NAAD/$NYAD D, you mean as in a pair trade? short RSP/long SPY? or a simple directional play? Pangea, see Tom's answer. Tom,
thanks for the kind words. The stockcharts.com symbol is $NAAD/$NYAD

D,
you mean as in a pair trade? short RSP/long SPY? or a simple directional play?

Pangea, see Tom’s answer.

]]> by: Pangaea http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33084 Mon, 12 May 2008 05:32:52 +0000 http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33084 Interesting piece - thank you... Do you have a source as to where this moving average data can be found - anything online? Interesting piece - thank you… Do you have a source as to where this moving average data can be found - anything online?

]]> by: D http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33023 Fri, 09 May 2008 03:10:41 +0000 http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33023 Could this breadth issue be exploited using ETFs similar to RSP? Could this breadth issue be exploited using ETFs similar to RSP?

]]> by: John Forman http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33015 Thu, 08 May 2008 14:59:26 +0000 http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33015 I actually look at a running 13 period EMA of the NYSE A/D line (not cumm) in my work. As you say, I look to see if there are divergences developing. You can't play it on an absolute basis, though. The recent rally in the market has come with no A/D confirmation for quite some time now. If that doesn't get cleared up positively, it will certainly mean a significant move lower at some point (as happened with the bullish divergence back in March), but you can never quite say when. I actually look at a running 13 period EMA of the NYSE A/D line (not cumm) in my work. As you say, I look to see if there are divergences developing. You can’t play it on an absolute basis, though. The recent rally in the market has come with no A/D confirmation for quite some time now. If that doesn’t get cleared up positively, it will certainly mean a significant move lower at some point (as happened with the bullish divergence back in March), but you can never quite say when.

]]> by: Tom Lattimore http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33014 Thu, 08 May 2008 13:57:13 +0000 http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33014 Dear Babak: I think your work is great. You have helped me with my trading and I am not a novice. In regard to the Nasdaq Advance Decline 30 MA, could you please let us know what the symbol is on StockCharts.com. Most of your Techncial Analysis Market Internals Charts can be found on StockCharts.com but I have not been able to pull up a symbol this one. Can you help or tell us where I can find it so that I can access it in the futre without doing a day by day count and add it to my arsenal. Thanks. Keep up the good work. Dear Babak:

I think your work is great. You have helped me with my trading and I am not a novice. In regard to the Nasdaq Advance Decline 30 MA, could you please let us know what the symbol is on StockCharts.com. Most of your Techncial Analysis Market Internals Charts can be found on StockCharts.com but I have not been able to pull up a symbol this one. Can you help or tell us where I can find it so that I can access it in the futre without doing a day by day count and add it to my arsenal. Thanks. Keep up the good work.

]]> by: Paul D. Castro, CFA http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33007 Thu, 08 May 2008 03:50:47 +0000 http://www.tradersnarrative.com/market-breadth-doesnt-matter-until-it-does-1675.html#comment-33007 I've never cared for cumulative breadth as an indicator. During the tech bubble you correctly point out that Nasdaq cumulative breadth was in a downtrend while the cash index rocketed higher. I remember reading a study which showed that an investor in the Nasdaq would have actually lost money had he not been invested in Intel, Cisco, Microsoft and Dell (the original 4 horsemen of the internet bubble). Strip those four stocks out of the Nasdaq and the index went down, not up, during the last bubblicious years of the boom. I’ve never cared for cumulative breadth as an indicator. During the tech bubble you correctly point out that Nasdaq cumulative breadth was in a downtrend while the cash index rocketed higher. I remember reading a study which showed that an investor in the Nasdaq would have actually lost money had he not been invested in Intel, Cisco, Microsoft and Dell (the original 4 horsemen of the internet bubble). Strip those four stocks out of the Nasdaq and the index went down, not up, during the last bubblicious years of the boom.

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