Do Stocks Have Bad Breadth? | Bruce Fraser (05.05)
Power Charting with Bruce Fraser • 27m
Breadth statistics can be very useful for determining the internal strength of the stock market. Two indicators are considered here: the 10 day moving average of the NASDAQ Composite advance - decline series and the 'Common Stock Only Advance Decline Line Index'. These breadth statistics have tactical value to traders and investors. In this Power Charting episode John and Bruce illustrate some of their unique attributes.
Special guest Johni Scan follows up with a scan demonstrating how the scanning engine can be employed for unique and in depth analysis of breadth and how it can highlight leading individual stocks.
Link to Best of Wyckoff 2023 Unconference:
https://www.wyckoffanalytics.com/event/best-of-wyckoff-2023-unconference/
Connect with Bruce -
Website: https://wyckoffanalytics.com
Blog: https://stockcharts.com/articles/wyck...
https://twitter.com/rdwyckoff
Up Next in Power Charting with Bruce Fraser
-
Are Stocks Ready to Run? | Bruce Fras...
The NYSE Composite Index ($NYA) has been in a well defined secular uptrend for almost 50 years. This upward trend is studied. Currently the $NYA is marginally below the trendline that has defined this very long advance. Thus the NYSE Composite has the potential to fall down and out of this all im...
-
The Case for Crude Oil. A Wyckoff Cas...
Crude Oil futures are the subject for this integrative Wyckoff case study. With vertical bar chart analysis, Point & Figure horizontal count studies and trend channel construction a historical analysis is conducted. This case study illustrates how the Wyckoff Method integrates these techniques in...
-
Chart Reading The Wyckoff Way, Part 4...
Wyckoff Method has unique attributes for the evaluation of the present position and likely future direction of stock and index prices using price charts. The case study method was a classic teaching device in the Technical Analysis program at Golden Gate University. Professors Roman Bogomazov and...
