Determining Market Breadth on AGET EOD

[marginman]

Hi Marc....Happy Holidays...the symbol list for Esignal wizard on EOD does not show NYSE or Nasdaq Advance/decline issue index or Advance/Decline volume index...hard to determine overall market breadth just looking at DOW, COMP, & SPX

Kindest Regards, Dean

[MR]

Hi Dean,

Hope your Thanksgiving was as good as ours! Been on vacation, now traveling and out of the office, so I cannot easily verify this-- but try these symbols? Let me know if they work? If not, I will try asap to get better help. Thanks! (Good to hear from you again!) - Marc

$TICKI, Dow Jones Industrial Tick; $VIX, Market Volatility (CBOE-no options); $ADVQ, NASDAQ Advancing Issues; $ADDQ, NASDAQ $ADVQ minus $DECLQ; $TICKQ, NASDAQ Cumulative Tick; $DECLQ, NASDAQ Declining Issues; $DVOLQ, NASDAQ Down Volume; $TVOLQ, NASDAQ Total Volume; $TRINQ, NASDAQ TRIN; $UCHGQ, NASDAQ Unchanged Issues; $XVOLQ, NASDAQ Unchanged Volume; $UVOLQ, NASDAQ Up Volume; $ISSU, NYSE Advance/Decline/Unchanged; $ADV, NYSE Advancing Issues; $ADD, NYSE $ADV minus $DECL; $TICK, NYSE Cumulative Tick; $DECL, NYSE Declining Issues; $DVOL, NYSE Down Volume; $TVOL, NYSE Total Volume; $TRIN, NYSE TRIN; $UCHG, NYSE Unchanged Issues; $XVOL, NYSE Unchanged Volume; $UVOL, NYSE Up Volume

[marginman]

Thanks Marc....

now how would u suggest to integrate the use of AGET charts on Market breadth as in Naz volume with Naz price action analysis to project an outlook...if there are better ways to view these charts, plz advise

here is your standard Naz Price action showing Naz resting on 20 SMA, overbought stochastic, and daily wave 5 divergence, bullish wave 3 weekly



here is the Naz Volume showing recent declines were on lower than 9,20,50, & 200 SMA of Naz Volume. Naz total Volume



As expected the NAZ issues Adv-decline fell as shown hereNaz issues adv-decline




Kindest Regards, Dean

[MR]

Hi Dean,

Originally posted by marginman
Thanks Marc.... now how would u suggest to integrate the use of AGET charts on Market breadth as in Naz volume with Naz price action analysis to project an outlook...if there are better ways to view these charts, plz advise... Kindest Regards, Dean

Attached below is a quote sample of one way I might monitor market breath. It is mostly of intuitive value, where I observe the changes on an intraday basis so I can continue to compare and contrast various relationships. I find this very helpful when trying to determine during the day the markets 'true' intentions for that day.

Another use might be to set up daily or hourly line charts-- or add to a standard data bar chart a 1 period moving average if line charts are not available-- so I can better track the changes, comparing and contrasting previous behavior to other variables.

If it were real important, I might setup up multiple charts with each of the symbols (symbols listed below in a previous post, some circled in yellow in attached quote page below) where I can continue to compare and contrast more closely the results. The importance of market breath to me would depend on what type of trade I was strategizing-- is it the standard Type 1 or 2, a continuation or swing trade parameter? The shorter the time frame for the trade setup idea, the more I might monitor more closely market breath. But, in general, I consider market breath observations secondary in importance to the standard Advanced GET methodology.