One can examine so many charts during the course of a bull market and only realize upon hindsight how effective some of them can sometimes be. This often happens with the breadth metric derived from the percentage of SP500 shares trading higher than their 50-day moving average. You can find this chart updated daily from the CHARTS>BREADTH>MA50% tab: Clicking the blue round “i” (info) button on the top right of the chart reveals discussion on various uses of this indicator, […]
Tag Archives | Breadth
The HiLo Breadth Indexes for SP-500
The HILO breadth index was developed by RecessionALERT for detecting short and medium-term SP-500 stock market peaks in advance. It deploys the following daily breadth data taken from the SP-500 index: New 13-week (quarterly) highs New 13-week (quarterly) lows New 52-week (annual) highs New 52-week (annual) lows The above data is then used to construct two daily components as follows: Net new 13-week highs% = (New 13-week highs LESS New 13-week lows)/issues traded*100 Net new 52-week highs% = (New 52-week […]
Read full story · Comments are closed
Once in a year opportunity
We have spend the better part of a decade in the search for the ultimate indicator for the stock markets. Whilst it became clear early on in this quest that no one indicator would work all the time and every time, there are a few that stand out from the rest. One of them is our HILO Breadth Index which we introduce in this research note. Apart from a multi-decade track record, the HILO index is very adept at warning […]