indicator that shows if most stocks are going up or down

Discussion in 'Technical Analysis' started by happy trading, Apr 1, 2021.

  1. i see that some professional traders judge the strength of the market by looking at the majority of the stocks if they are following the index. i was wondering where would i get this information everyday? is this a listed indicator on the etrade or fidelity platform?
    .sigma and murray t turtle like this.
  2. kroxobor


    Do you mean sub-indices of stocks following major indices like S&P 500 or Dow? I don't understand your question. Why don't just look at SPX or DOW session start to judge about performance?
    kmiklas likes this.
  3. Metamega


    Relentless, wrbtrader and KCalhoun like this.
  4. Arnie


    ctheo1 likes this.
  5. %%
    Good idea;
    if one gets paid on ''the majority of stocks'' + most dont.
    IBD has that a/d line in its neWspaper+its easy to see why many of any group would not use it much.
    Fidelity has a good feature, shows the top stock% in qqq..........
  6. wmwmw


  7. which feature are you referring to on fidelity?
    murray t turtle likes this.
  8. %%
    FIDELITY names it ''Portfolio Composition'' Like QQQ =AAPL ,10.95%, MSFT= 9.50%........[GOOG question whats in QQQ ETF]
  9. .sigma


    A few indicators I find useful are the
    $NAAD - Nasdaq Advance/Decline Issues
    $NAA50R - Nasdaq % of stocks above 50 day moving average
    $NAA200R - Nasdaq % of stocks above 200 day moving average
    $CPC - CBOE Total Options Put/Call Ratio
    $CPCI - CBOE Index Put/Call Ratio
    $CPCE - CBOE Equity Put/Call Ratio
    $SKEW - CBOE SKEW Index
    $NASI - Nasdaq McClellan Summation Index

    here’s a few, Nasdaq is just an example, you can use any index of your preference obviously. I find value in relative-breadth indicators. Useful for any speculator.
  10. wrbtrader


    Strongly agree that the market breadth indicators like the AD Lines (several different types) are very useful.

    #10     Apr 30, 2021