Glory Trades Support

[gloe]

Here's one source that has intra-day numbers on market breadth, though you have to manually update it.

http://finance.yahoo.com/marketupdate Look on the left side for market statistics for advancing and declining issues and volume.

Right now its showing Friday ended at 10:1 Up volume to down volume. Close to that for A/D issues. That's pretty bullish. But now we need follow through.

I like A/D Issues ratio to be above 1.2 for a bullish bias, and below .8 for a bearish bias. 1 is neutral (same number of stocks going up as down). Over 2 is very bullish and under .5 is very bearish. Really extreme days tend to close on the highs (like Friday) or lows.

My broker used to have A/D intraday that I could feed into my charts, but their A/D has been down for a while, so I have to approximate the ratio by using yahoo finance. Just glance at it and you can tell we are having an extreme day that shold not be traded against.