iCharts Discussions

zzz · White Belt Joined: 13 May 2008 Posts: 11

We still don't have data before 2010, we need to build it. Need to work on it.--------------- attached chart from 2010 to now. Difficult to make any sense

Sir,
Please give year wise charts in excel data. It may it help to calculate easy
Thanks,
subhash

Sun08 · White Belt Joined: 21 Aug 2017 Posts: 478

SwingTrader · Posted: Sun Jul 29, 2018 11:11 am Post subject:

NSE Breadth Oscillator as on 27th JUL 2018

This move seems to have legs as medium term trend continues to improve first time since April, it could go on for little more while before market pauses to see if real buying is coming in or not.

Sun08 · White Belt Joined: 21 Aug 2017 Posts: 478

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

srikanth please post updated market breadth chart.......

SwingTrader · Posted: Fri Aug 03, 2018 10:00 pm Post subject:

NSE Breadth Oscillator as on 3rd Aug 2018

Breadth is strong at the moment, no let off as of now. This could go on for little more while before a breather. I would watch closely how medium term breadth holds when short-term takes a dive down during the next market pullback. If medium term breadth holds (doesn't go down too much) which short-term takes a trip down, the rally then could carry on for some more time. Let us see how it goes ...

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

thanks srikanth......

SwingTrader · Posted: Fri Aug 10, 2018 9:26 pm Post subject:

NSE Breadth Oscillator as on 10th Aug 2018

The down move atleast for the short-term looks to have started. How the medium term oscillator behaves now is important. I would like to see the short term oscillator bottom out and head up and medium term stay above 0 during this time. This would be encouraging for the intermediate move continuing further.

Long term oscillator has not budged as most stocks are still below 200 SMA.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

srikanth please post updated chart for this week

SwingTrader · Posted: Fri Aug 17, 2018 10:53 pm Post subject:

NSE Market Breadth Oscillator as on 17th AUG 2018

Encouraging action by medium term breadth (blue line), it is holding up well in decline of short-term breadth (red line). As long as this holds, I am expecting positive action in the near term. If medium term declines below zero then we might have to get cautious as there could be some weakness. But as of now things look okay.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

thanks

SwingTrader · Posted: Sat Aug 25, 2018 10:44 pm Post subject:

NSE Market Breadth Oscillator as on 24th AUG 2018

Market at crucial point. Have to see if market rolls over like Apr end or continues to consolidate and maybe moves higher. The short & medium term breadth actions are similar to Apr end but if market is to move higher from there then the breadth must hold.

SwingTrader · Posted: Tue Aug 28, 2018 11:53 am Post subject:

NSE Advance-Decline Line

The advance decline line shown on our "Breadth Charts" page just can't be used. The reason is the way AD line is computed. The computation just adds up the days number of advances minus number of declines to previous day's value. The line just keeps going down, very rarely going up. The reason could be due to the fact that a significant majority of stocks stay down even during long rallies. Even though most stocks rally on a good day, lot more stocks fall on down days. The result is the AD line that keeps going down. I have not seen this happen for US markets. One way around this is to compute only on NIFTY 500 index stocks but tracking index changes and bringing that into the computation is a major headache.

I have done a small modification. Instead of continuously adding net adv-decl to previous day's value I do a rolling advance-decline computation. Any particular day's value is the sum of net adv-decl of previous one year. The result is a much better usable advance-decline line. Please find the image of the same attached below.

This is only experimental, please use your judgement for interpretation. What I feel looking at this is that the market decline this year was significant. It is clear from this AD line. The AD line went down to the levels seen in 2011 & 2013 which is something. This rally could have legs after all. This is just my estimate based on this chart. We could decline from here, we can't be sure. But this is one bullish case to think about. Bearish cases are many in the current market.

We like to hear comments from others....

apka · Black Belt Joined: 13 Dec 2011 Posts: 6137

ST, just want to lay here an additional info regarding cardiff indicator for S&P500... Its gone active only like 4-5 times in last 100 years. Attached is image. Now the bull run is into that zone. Im expecting 10% further upside in Dow before correction starts. Something we can keep watch on.