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?
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?
https://www.fidelity.com/webcontent....11.0/help/research/learn_er_glossary_1.shtml That’s a common way. A/D line. Look up market breadth indicators. Perhaps your brokerage supports a few other indices that track stuff like A/D across a certain index or stuff like the TICK indexes.
Google: Lowry White Paper Modern Day Improvements to the Advance-Decline Line Edit: https://www.lowryresearch.com/Research/Reports
%% 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..........
https://stockcharts.com/h-sc/ui?c=$namo,uu[w,a]daoanyay[dc][pf][vc60][i] https://stockcharts.com/h-sc/ui?c=$nymo,uu[w,a]daoanyay[dc][pf][vc60][i]
%% FIDELITY names it ''Portfolio Composition'' Like QQQ =AAPL ,10.95%, MSFT= 9.50%........[GOOG question whats in QQQ ETF]
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.
Strongly agree that the market breadth indicators like the AD Lines (several different types) are very useful. wrbtrader