The “Matt’s Breadth Indicator” has turned green. For me, that means it’s time to look at long-term investments again.
Indicator has turned red, which shouldn’t come as a surprise.
Last week did not turn the indicator to yellow, but today’s big drop definitely did. Yellow means a) maintain the status quo if you’re just trading SPY, or b) don’t initiate new individual stock trades if adhering to my recent testing. Or just enjoy the fireworks.
My breadth indicator has turned green. I for one will use this as a signal to enter into long-term investments. You can use it for whatever you’d like.
My breadth indicator has turned yellow. This means nothing in itself, just to keep the status quo but be aware that conditions might be improving. Yes I’m aware that the indicator has been red during an upsurge of the market, so “improving” might seem nonsensical. This indicator is a little conservative. I use it to time entries into individual stocks, rather than just trading SPY outright.