[isatrader]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

               

[isatrader]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

               

[isatrader]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

               

[GlobalCitizen]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

I still have trouble reading these. What do the 4 indicators represent?

[isatrader]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

I still have trouble reading these. What do the 4 indicators represent?

The top indicator shows the Bullish Percent Index, and the second, third and fourth indicators show the Percentage of Stocks above their 200 Day Moving Averages, 150 Day Moving Averages, and 50 Day Moving Averages for each index. They each have a very simple percentage scale of 0 to 100%.

So for example on the NYSE chart it shows:

$BPNYA 63.54 – this is NYSE Bullish Percent Index, and shows that 63.54% of stocks in the entire NYSE are on a point and figure buy signal.

The second indicator is the $NYA200R 63.61 – this is the NYSE Percentage of stocks above their 200 day moving averages, and it shows that 63.61% of stocks in the entire NYSE are above their 200 day moving averages.

The third indicator is the $NYA150R 59.18 – this is the NYSE Percentage of stocks above their 150 day moving averages, and it shows that 59.18% of stocks in the entire NYSE are above their 150 day moving averages.

The fourth indicator is the $NYA50R 57.44 – this is the NYSE Percentage of stocks above their 50 day moving averages, and it shows that 57.44% of stocks in the entire NYSE are above their 50 day moving averages.

So as you can it shows the long, medium and short term readings, and if you look at them all together, and the other three charts you can get a good idea of the overall health of the US market, without even looking at the index charts.

[GlobalCitizen]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

I still have trouble reading these. What do the 4 indicators represent?

The top indicator shows the Bullish Percent Index, and the second, third and fourth indicators show the Percentage of Stocks above their 200 Day Moving Averages, 150 Day Moving Averages, and 50 Day Moving Averages for each index. They each have a very simple percentage scale of 0 to 100%.

So for example on the NYSE chart it shows:

$BPNYA 63.54 – this is NYSE Bullish Percent Index, and shows that 63.54% of stocks in the entire NYSE are on a point and figure buy signal.

The second indicator is the $NYA200R 63.61 – this is the NYSE Percentage of stocks above their 200 day moving averages, and it shows that 63.61% of stocks in the entire NYSE are above their 200 day moving averages.

The third indicator is the $NYA150R 59.18 – this is the NYSE Percentage of stocks above their 150 day moving averages, and it shows that 59.18% of stocks in the entire NYSE are above their 150 day moving averages.

The fourth indicator is the $NYA50R 57.44 – this is the NYSE Percentage of stocks above their 50 day moving averages, and it shows that 57.44% of stocks in the entire NYSE are above their 50 day moving averages.

So as you can it shows the long, medium and short term readings, and if you look at them all together, and the other three charts you can get a good idea of the overall health of the US market, without even looking at the index charts.

Thank you for elaborating. I see those indicators breaching the 30 and 70 lines. Is it preferable to see them between those 2 lines?

[isatrader]

Thank you for elaborating. I see those indicators breaching the 30 and 70 lines. Is it preferable to see them between those 2 lines?

Think about the percentages of each and the direction of the percentages. Remember they show the long, medium and short term data of what's happening under the surface of the US market. So for example the markets are near to their highs still even with the pullback this week, but the amount of the stocks pushing those stocks higher has been stagnant or declining for a while now, so it's not a sign of a healthy market, as less stocks are supporting the Stage 2B. So suggests some caution at least imo.

[GlobalCitizen]

Thank you for elaborating. I see those indicators breaching the 30 and 70 lines. Is it preferable to see them between those 2 lines?

Think about the percentages of each and the direction of the percentages. Remember they show the long, medium and short term data of what's happening under the surface of the US market. So for example the markets are near to their highs still even with the pullback this week, but the amount of the stocks pushing those stocks higher has been stagnant or declining for a while now, so it's not a sign of a healthy market, as less stocks are supporting the Stage 2B. So suggests some caution at least imo.

Thank you for your time. I put this together with Stans book and now have a better understanding of the indicators he describes.