S&P 1500 MACD Breadth Charts
Updated MACD breadth measures, which are:
The short term measure is the % stocks on a Daily MACD on Buy Signal in S&P 1500 - which means the % of stocks with a MACD Histogram greater than zero.
The medium term measure is the % stocks with a Daily MACD Line above the Zero Line in the S&P 1500.
The long term measure is the % stocks with a Weekly MACD Line above the Zero Line in the S&P 1500.
I've continued to input the historical data from 2014, and so have almost a years worth of data for the medium and long term charts now, which I think are more important to have historical data on, as the short term indicator clearly moves from the top to the bottom on regular basis, and so is less important to have historical data for, as will generally look the same, whereas the medium and long term measures move to the extremes of the range less frequently, and so it will be useful to look at older data to get a picture of what their signals are. For example the October flush only took the long term signal down to 47.33% before turning higher again.
Currently the MACD breadth seems to be in bull mode with all three timescales in the high 60 / early 70 percent range, with some strong moves higher this week.
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