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.






2 comments:

Anonymous said...

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

Regards
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.

Cheers,

Paul