This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Monday, March 17, 2008

MARKET BREADTH INDICATORS

I've added a new set of indicators in the sidebar from StockCharts.com - "NYSE Market Breadth". They give us a sense of whether the NYSE stock market as a whole, composed of over 3,000 listed issues, is moving in tandem with the Dow Jones Industrial Average, an index composed of only 30 stocks. This follows the "PSE Market Breadth" indicators that I put up a few weeks earlier. I had to construct the PSE breadth charts myself since I couldn't find any from the PSE, online brokers, and local stock market related websites. These will be updated every weekend.

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