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April 15, 2006
New Site for ETF Breadth Charts
ETFInvestmentoutlook.com (click here)
I find breadth indicators and charts invaluable for analyzing the major indices, sectors, industry groups and ETFs. Breadth indicators provide a robust bottom-up approach to measure the inner workings of an ETF, sector or index. Equity based ETFs are made up of individual stocks. The Information Technology SPDR (XLK) features around 85 stocks from the technology sector. Breadth statistics measure the ups, downs, new highs, new lows and volume for each of these individual stocks. The results are then totaled to form aggregate breadth indicators. Think of these as the vital signs (pulse, blood pressure and breathing) that reveal underlying strength or weakness that is sure to enhance the analysis process. Check out ETFInvestmentoutlook.com (click here)
Posted by Arthur B. Hill at April 15, 2006 03:34 AM