RE: Market Breadth Extra
Hi isatrader, thanks for the market breadth updates. I am just catching up with them as have been away for a bit recently.
Yesterday I came across this website which produces a 'market health update' (I believe each week). It seems like it is taken from the Financial Sense website, and Chris Paplava is the author. One thing I think could be useful for us on this site as another breadth indicator is digging down into the S&P internal (whether this is something that Stain Weinstein is referring to in his recent December 2013 interview on Financial news hour when is says 'Proprietary Secondary Surveys'...I am not sure. Have a look at the chart which covers the 'Index 52 Week Breadth' for the S&P 500, 400, 600 and 1500 and shows a chart with the stocks that are within 2% of 52 week highs against those more than 20% (bear market) off their 52 week highs.
http://www.elliottwaveanalytics.com/2013...to-weaken/