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Categories:General Market Commentary
Market Breadth Analysis
Tracks approximately 1,700 stocks in over 90 industries. Timeliness Ranking System ranks stocks on a scale of 1 to 5 for probable market performance over the next 6 to 12 months.
Utilizing this approach to the stock market during the period from 1993 to 1998 would have a return of 241% versus the buy-and-hold approach which provided a return of 120%.
A buy signal is generated when the index rises at least four percent from a previous value. A sell signal is generated when the index falls at least four percent. For example, a buy signal would be generated if the weekly close of the Value Line rose from 200 to 208 (a four percent rise). If the index subsequently rallied to 250 and then dropped below 240 (a four percent drop), a sell signal would be generated.
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