the study of breadth and volume are critical to the understanding the general health of Mr. Market
below we have an example of a :schizophrenic" mind set
Remember before there can be a reversal of trend there must be a 90 % upside issues and volume
by doing charts weekly we get a feel for the markets moods. then we apply Modified Wyckoff analysis to determine high probability outcomes.
Market Breadth
| Issues | Number | % |
|---|---|---|
| Advancing | 266 | 54 |
| Declining | 221 | 45 |
| Unchanged | 5 | 1 |
| Total | 492 | 100 |
The fraction of the overall market that is participating in the market's up or down move.
Market Volume
| Issues | Amount | % |
|---|---|---|
| Advancing | 1,008,474,330 | 40 |
| Declining | 1,508,684,871 | 60 |
| Unchanged | 17,199,574 | 1 |
| Total | 2,534,358,775 | 100 |
The volume of today's trading that is participating in the market's up or down move.
New Highs and Lows
| Issues | Number | % |
|---|---|---|
| 52-week highs | 33 | 7 |
| 52-week lows | 47 | 10 |
| Total | 492 | 100 |
The number of stocks in the index reaching a new 52-week high or low today.
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