Wednesday, February 13, 2008

More Breadth Charts Using Blocks 3.0

One of the things I really like about the Worden Brothers' data is that they contain sector indexes. There are main group sectors and sub-sectors within them. All of the sectors can be plotted together to get an idea of which sectors are leading. You can also put together a "market monitor" type breadth indicator to get a feel for the entire market. Below I have plotted market monitor for the Hemscott Industry Groups along with the NYSE.

Blocks also lets you take a look at an individual sector or ETF. Below I have plotted the market monitor breadth for the XLF and SPDR Semiconductor ETF.


Anonymous said...

these breadth charts seem very interesting. Do you use them for timing?

Bob Mc

nice site - informative and well organized

Paul Stiles said...

Hi Bob,

Yup, I went long the SSO, UYG, UWM, and QLD in late January. Friday was quite the roller coaster ride.