Summation Index - Market Breadth Indicator
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What is the McClellan Summation Index ...
Market Breadth
The shares of a particular stock traded during a specific period. Usually refers to the overall strength and trading volume of the market.
Market Breadth
A comparison of the number of issues traded with the number of issues listed for trading. A rally is considered a suspect if the number of advancing issues is diminishing as the rally develops.
Market breadth is a measure of how many companies in a particular index or market have gone up vs. how many have gone down. The majority rule, and breadth is then said to be either positive or negative.
Market breadth was strongly negative on this day;
Next Day NYSE Composite Outlook:
Up
41% ...
Market Breadth
The scope of change in stock prices as measured by analyzing the number of stocks that advanced or declined during the period or by the number of stocks hitting new highs or new lows.
See: Technical Analysis ...
A market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE. It is primarily used for short and intermediate term trading.
Is a market breadth indicator, providing a very good measure of overall market strength. (see report)
Advance-Decline Line »Advance-Decline Line report ...
These market breadth indicators represent the number of stocks in a given group that have closing prices that are currently above their 200, 150, or 50-day simple moving average.
It is a market breadth indicator. For calculating the strength of the market the Open-10 TRIN function uses declining or advancing volume and declining or advancing issues.
A popular market breadth indicator that is derived from the daily advances minus declines in a given market. The McClellan Summation Index differs from the McClellan Oscillator in that it is a long-term indicator.
Net New Highs: Market breadth indicators that can be used to identify strength or weakness behind market moves.
market basket See basket market breadth The proportion of the overall market that is participating in the market's up or down move. Also known as breadth. market cap See capitalization market capital See capitalization.
The Upside-Downside Volume Line is a market breadth indicator and should be compared to the other market indices like the Dow Jones or S&P 500. Daily or weekly NYSE data is used in the calculation.
Advance-Decline (A/D) Line: is a measurement of market breadth. It is calculated by subtracting the number of stocks that decline in price over a given period (weekly or daily) from the number that advance, and accumulating the differences.
Volume is not only a measurement of stock market breadth, it also serves as an indicator of stock market strength. For instance, assume that on a particular day, five stocks of the Dow Jones Industrials index (DJI) closed down and 25 stocks closed up.
The Complete Guide to Market Breadth Indicators: How to Analyze and Evaluate Market Direction and Strength, p. 219. McGraw-Hill. ISBN 0071444432.
^ Morris, Gregory (2005).
Filter the tape's message through index movement and market breadth. Look for the ticker to react with surging volume when the indices break out or break down.
The Advance/Decline Line ("A/D Line") is used to measure market breadth, being a cumulative total of the Advancing/Declining Issues indicator. Breadth in this case means a market's strength.
The difference between the number of advancing and declining issues is the foundation of many market breadth indicators.
Haurlan Index is used to detect market breadth. There are three components of the Haurlan index :
Long Term:same, using a 200-day exponential moving average.
Intermediate Term: same, using a 20-day exponential moving average.
What are broader indices & what is market breadth?
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The A/D Line is the most widely used indicator measuring market breadth. It represents a cumulative total of the number of stocks advancing vs. the number of stocks declining.
The McClellan Oscillator is a market breadth indicator developed by Sherman and Marian McClellan. It is the smoothed difference between advancing and declining issues on the NYSE.
Climax or Selling Climax: The culmination or end of a protracted period of selling, characterized by high volume, forced margin selling, extreme degrees of negative market breadth (also in prior years a late ticker tape)--and panic.
The McClellan Oscillator takes market breadth data and creates an easy to use technical indicator that generates clear buy and sell signals.
Want to know what is really going on in the market? This popular indicator measures market breadth. You can use it to determine the overall health of the stock market.
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This will give us a clearer assessment of market internals, particularly market breadth, and we can see when money is moving into or out of the smaller-cap components of the index. One way to think of it is as a price-weighted advance-decline line.
Market research
A technical analysis of factors such as volume, price trends, and market breadth that are used to predict price movement.
Advance-Decline, or measurement of the number of issues Trading above their previous closing prices less the number trading below their previous closing prices over a particular period. As a technical measure of Market breadth, ...
of market is important to technical analysts when they forecast whether a given market movement is likely to persist. Among numerous measures of breadth of market, the advance-decline index is one of the most popular. Also called market breadth.
of Candlestick Charts is a reference that every technical analyst will want to own." -- Gregory L. Morris, Senior Portfolio Manager, PMFM, Inc, and author of Candlestick charting explained, third edition and The Complete Guide to Market Breadth ...
 See also: Market, Stock, Trading, Analysis, Chart
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