MarketWatchers LIVE

Breadth Charts - PnF Charts - Full Stochastic Scan

Greg Schnell

Greg Schnell

Chief Technical Analyst, Osprey Strategic

A big thank you to everyone who listened in on Fridays webinar. Hopefully you didn't find the charts too long-term without Tom Bowley. Erin Wood and Tom Bowley will be back on the Monday Market Watchers Live show.

Here is a link to the RECORDING! Yes, these are recorded now! 

In this particular show, I started reviewing the Market using my breadth indicators, jumping into Point and Figure (PnF) charts for the second segment and then spending some time on the Alerts about 1:15.

There were multiple requests for the $NYAD chart to be posted, so click on the chart below and you can save it. This chart is explained thoroughly in the webinar. The coverage of market breadth begins at 12:00. The Webinar recording explains how to save charts complete with annotations.


This is the McClellan Summation Index, $NYSI. Moves below 400, usually start a correction. 

For the NASDAQ Summation Index ($NASI), the levels are different, but the concept is still the same.

Here are the ten in ten charts.

Home Depot:

Ambarella (AMBA)

Merck (MRK)

Freeport McMoran (FCX)

ELF Beauty (ELF)

Apache (APA) needs to stop dropping at $35.

A T & T (T)

Etsy (ETSY)

Clean Energy Futures (CLNE) 

General Electric (GE)

Lastly, the weekly Full Stochastics scan. You can copy and paste this into the advanced scan workbench. I would encourage you to watch the last segment on the video around 1:20.

[country is US] and [type is stock]
and [sma(20,volume) > 400000] 
and [weekly Full Stoch %K(14,3,3) x 20.0]

Thanks for following Market Watchers Live. If you enjoyed Greg's commentary, you can also find his Commodity Countdown Recording every Thursday. Click 'Follow' on the Vimeo Channel to be notified when there are new updates. Greg also writes a Commodities Countdown blog that is updated weekly and you can click Notify Me at the bottom of any article. You can also find Greg on Twitter @Schnellinvestor.

Lastly, a little reminder about the new webinar tool. There is a survey link on the right-hand-side under How'd We Do and we would encourage your feedback every time. If there is something we covered that you like, great. If there is something that you think we should cover, that is a great place to tell us. You can also connect on the Twitter feed.

Good trading,
Greg Schnell, CMT, MFTA

Greg Schnell
About the author: , CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More