Market breadth data is nothing new. In fact, it was one of the first methods of analyzing the stock market when the American markets started around 1792. With only a handful of companies trading, it was relatively easy to track how many prices went up or down, their volume, new highs, etc. As the number of companies expanded, keeping track of this kind of information became difficult and effectively impossible. Analysis by breadth data fell into obscurity. Exchanges published values needed for market breadth calculations, but beyond that, breadth data analysis went the way of the dinosaur.
Were happy to announce…it’s back. Stock market indexes have been around since the beginning, mutual funds somewhat later and, more recently, Exchange Traded Funds (ETFs). All of these composites of stocks, bonds and commodities, have one thing in common, breadth data will tell you more about the composite than you currently know. Breadth data is also called “Internals” for good reason. Breadth data allows you to consider the internal individual elements of the composite. If 400 of the stocks making up the S&P 500 Index or SPDR S&P 500 ETF (SPY) are in an uptrend, I think you would agree that the index or ETF is most likely in a solid uptrend. When was the last time you had access to that kind of data about what you were trading? That’s rhetorical…you don’t…until now.
For more information and a free look at this data, go to http://www.masterdatacsv.com/.