Mastering Breadth and Relative Strength for Consistent Trading Success
This is my free EOD breadth level panel — you can use the same ticker to build your own, there are much more options but I always have mine based on traditional MA value.
Breadth absolutely deserves a place in your trading system, and I couldn’t agree more. When used right, it’s incredibly powerful — especially when you combine with a thorough screen of sectors and industry groups showing relative strength. One important nuance I want to highlight: relative strength isn't just about securities outperforming the benchmark on the surface. It also emerges from names that show the least weakness during prolonged down moves. That resilience matters, and that itself will be a upturning RS on a line chart based indicator.
To consistently spot these opportunities, routine is everything. Regardless of what the market throws at you, your process has to stay intact — it’s what anchors your emotional discipline. Don't shut off yourself from market because of capitulation days, you should actually put even more time to mutiple screening to sieve out names for your watchlist.
P.S. If the market gives us one more round of capitulation, I’m genuinely excited about the potential long bias setups that could follow. ES Futures at asia open now has already gapped down but with potential doji star to close (indecision candle), and reduced volatility going forward can build the second bear flag for April.
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$
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