7 replies to this topic

[Waver]

Zweig Breadth Thrust

Is there a symbol on stockcharts.com that can provide this?

Does this indicator use the 10 day simple or the 10 day exponential moving average?

Thank you in advance.

[slupert]

Zweig Breadth Thrust Signal - Free Weekly Technical Analysis Chart - McClellan Financial (mcoscillator.com)

[fib_1618]

First chart is using a 10 day EMA...now on day 4.

 

Second chart is using a 10 day SMA...now on day 3.

 

Neither one is likely to give a buy signal by day 10.

 

Fib

 

 

 

 

[Chilidawgz]

Ack! cannot post, sry

Edited by Chilidawgz, 06 October 2022 - 11:44 AM.

[dTraderB]

Many are talking about the recent "THRUST" possibilities:

SentimenTrader

@sentimentrader

·

23h

 

What can we expect from the recent double thrusts in the market? Historically, they have always preceded positive returns,

@jasongoepfert

writes in #SentimentEdge

 

This from a mail from Sentiment Trader:

What the research tells us

• On consecutive sessions, more than 5 times as many securities on the NYSE advanced as declined.
• Even more notably, more than 10 times as much volume flowed into advancing than declining securities.

• Both types of thrusts have always preceded a positive one-year return in the S&P 500.
• Short-term returns tended to be weak as buyers took a temporary breath.

 

[dTraderB]

Investors just can't get enough risk Continuing the frenetic market that is 2022, buyers once again couldn't get enough risk assets to start this week.

Very similar to the action in March 2020, Monday and Tuesday witnessed overwhelming buying interest. On the NYSE, five times more securities advanced than declined, and ten times more volume flowed into advancing than declining securities.

It's rare to see so many stocks, preferred securities, and fixed income rising at the same time. Even going back to 1928, this hasn't happened too many times. We have less confidence in breadth metrics before 1950, so we'll limit the lookback to then.

When five times as many securities rose as declined on consecutive sessions, the S&P 500 never suffered a negative one-year return. Even over the next six months, there was only a single small loss.

The maximum decline even up to a year later was minuscule on average, though five of them suffered drawdowns larger than -5%. Every signal saw a maximum gain of more than +15% within the following year.

And when more than ten times as much volume flowed into advancing versus declining securities, returns were even more consistently positive. The sample size was smaller, but the results were more consistent.

Breadth thrusts have failed this year, depending on how they're defined, and what time frame we use. But before this week, we hadn't seen a thrust as powerful, as widespread, or coming from such low levels.   What the research tells us

• On consecutive sessions, more than 5 times as many securities on the NYSE advanced as declined.
• Even more notably, more than 10 times as much volume flowed into advancing than declining securities.

• Both types of thrusts have always preceded a positive one-year return in the S&P 500.
• Short-term returns tended to be weak as buyers took a temporary breath.

 

[Waver]

Thank you all!

[pdx5]

The only fly in ointment is all those results probably were not during 8%+ inflationary periods. Since 1960, I have lived through only one long inflationary period..1974-1981. Depending on how long current inflationary period stretches out, that filter should not be ignored. By the way stocks did not do particularly bullish from 1974-1981.

Edited by pdx5, 07 October 2022 - 08:04 PM.