Members Discussion
Hi All,
Am new to posting in this forum so hopefully I'm posting this in the right place!
I've taken on a market breadth study and wanted to share a small work in progress section to see a) what people think, b) what value they see in the data. I obviously have my own pov but would love some diversity of thought.
The part of the study I'm sharing is the % of stocks above their 30 and 10 Week MAs but broken down by Mega, Big, Mid and Small Cap.
There are quality parameters set around how I categorise stocks within these definitions to help remove outliers / anomalies.
The purpose for this part of the study was to try and see how money flowed through the market, washing from small to mega and back again.
Using the data I have (25 weeks at the moment as it's quite a manual process) I've also attempted to categorise the long and short term trends (long using the 30W MA and short using the 10W MA).
Based on the way I'm interpreting the data, last week would have been a POSITIVE week, whereas this week ended NEUTRAL+, but given this is a move to the downside (Positive to Neutral +) caution might be warranted.
Anyhoo, have attached the 25 weeks of data. Any thoughts or comments welcome.