Market Breadth — Mr. Market

Instrument A · Market breadth

The breadth monitor has three sections

The first instrument is market breadth — the Stock Bee monitor. It is a table of daily rows — one row per trading day, newest at the top — split left to right into three groups of columns.

Section 1

Primary indicators

The most important columns — hence primary. Daily and quarterly measures of how many stocks are moving big, and the ratios that show the trend of that money flow.

Section 2

Secondary indicators

The less important columns — hence secondary. Monthly and 34-day measures used in addition to the primary section to confirm and add nuance.

Section 3

Reference / misc

Context columns: the size of the stock universe, the T2108 reading, and the S&P 500 value as a reference point for the day.

Section 1 — Primary indicators

The primary section is three sets of numbers

The primary indicators show whether money is flowing into the market on a daily basis and on a quarterly basis — the health of the short term (daily) and the medium term (quarterly). They break down into three sets:

The set	What it counts	What it tells you
4% up & down today	Number of stocks up 4%+ today, and number of stocks down 4%+ today.	The raw daily thrust — is big money buying or selling today, across how many names.
5-day & 10-day ratio	A rolling ratio built from the daily 4% up/down numbers.	The trend of those 4% numbers — whether money has been flowing in or out over the last one to two weeks.
25% up & down in a quarter	Number of stocks up 25%+ over a quarter, and number down 25%+ over a quarter.	The medium-term picture — how many stocks are making real, sustained moves. The single most important reading on the sheet.

The 5- and 10-day ratios are trend, not level. A single strong or weak day is noise; the ratios smooth the daily 4% numbers so you can see whether the flow is genuinely turning in or out.

Section 2 — Secondary indicators

Use the secondary section in addition to the primary

These columns are read alongside the primary indicators, never instead of them. They widen the lens to monthly and 34-day windows so you can confirm what the primary section is signaling.

Column	What it counts
25% up / down in a month	Stocks up 25%+ and down 25%+ over roughly one month.
50% up / down in a month	Stocks up 50%+ and down 50%+ over roughly one month — the extreme movers, which flag overbought and oversold conditions.
13% up / down in 34 days	Stocks up 13%+ and down 13%+ over the last 34 days — a medium-window breadth check.

Section 3 — Reference columns

The context columns on the right

These are not signals on their own — they frame the rest of the row.

Column	What it means
Worden Common stock universe	The total number of stocks in the universe used for all of the calculations in the sheet — the denominator behind every other column.
T2108	An indicator from TC2000 showing the number (percentage) of stocks trading above their 40-day moving average. Readings below 40 are significant — a sign the market is stretched to the downside.
S&P	The value of the S&P 500 for that day, carried as a plain reference point next to the breadth readings.

The heart of the sheet

How to read the colors

The numbers matter, but the colors are what let you read the whole board in a glance. Each column shades itself green or red based on rules baked into the sheet. Here is what every color is telling you.

	Primary breadth indicators						Secondary breadth indicators						Reference
Date	Up 4% today	Down 4% today	5-day ratio	10-day ratio	Up 25% quarter	Down 25% quarter	Up 25% month	Down 25% month	Up 50% month	Down 50% month	Up 13% 34d	Down 13% 34d	Universe	T2108	S&P
Day 5	356	92	2.31	2.05	1520	1040	300	95	44	27	1880	1330	6536	52.1	7674
Day 4	210	160	1.31	1.45	1490	1050	290	110	40	29	1810	1390	6536	48.4	7691
Day 3	194	150	1.10	1.30	1470	1050	216	127	39	31	1816	1391	6535	51.2	7745
Day 2	167	335	0.46	0.90	1180	1230	144	125	22	13	1500	1644	6516	37.3	7489
Day 1	120	352	0.32	0.35	990	1420	79	162	21	16	1420	1720	6510	29.8	7360

Illustrative layout only — the numbers above are made up to show each color state, not live data. In the real sheet, newest days sit at the top and every colored cell follows the rules below.

Date column

A yellow date = a shortened trading day

When a date cell is highlighted yellow, that session was a shortened / half trading day (for example, the day after a holiday). Interpret that day's counts accordingly — fewer trading hours naturally produce smaller numbers, so don't read a "weak" day as a real signal.

Y

Yellow date — shortened / half trading day. Read the day's numbers with that in mind.

4% up / down today

Daily thrust: who won the day, and by how much

The two daily columns shade based on which side was bigger — and turn to a strong color when a side clears 300 stocks, which marks a powerful one-day thrust.

258

Green (up column) — more stocks were up 4%+ than down. Buyers won the day.

346

Dark green (up column) — more than 300 stocks up 4%+. A strong bullish thrust.

129

Pink (down column) — more stocks were down 4%+ than up. Sellers won the day.

352

Red (down column) — more than 300 stocks down 4%+. A strong bearish thrust.

5-day & 10-day ratio

The trend of the money flow

The ratio columns color at the extremes to flag a decisive shift in the daily 4% trend.

2.6

Green — the ratio has gone above 2.0, a bullish thrust: money flowing in.

0.4

Red — the ratio has dropped below 0.5, a bearish thrust: money flowing out.

25% up / down in a quarter

The most important pair on the sheet

This pair compares how many stocks are up 25%+ over a quarter against how many are down 25%+. It is the medium-term health of the market for swing and momentum trading.

1484

Green — more stocks up 25% in a quarter than down. More conducive for swing / momentum trading to the upside.

1781

Red — more stocks down 25% in a quarter than up. Less conducive — be cautious about longs.

50% up / down in a month

The extreme movers: overbought vs. oversold

This pair works the opposite way to instinct. It flags extremes, and an extreme in either direction is a caution, not a green light.

38

Red (up 50% column) — more than 20 stocks up 50%+ in a month: a possible overbought condition.

33

Green (down 50% column) — more than 20 stocks down 50%+ in a month: a possible oversold condition (a bounce becomes more likely).

If you remember one thing

The one signal that matters most

Of everything on the sheet, the number of stocks up vs. down 25% in a quarter is the single most important reading. It captures whether real, sustained moves are being rewarded across the whole market.

When the 25%-in-a-quarter pair turns red — more stocks down 25% than up — be cautious about any longs. The environment has stopped rewarding upside momentum, and even a great-looking stock is fighting the tide.

When it is green — more stocks up 25% than down — the medium-term backdrop is more conducive to swing and momentum trading on the long side. It does not guarantee anything, but the wind is at your back rather than in your face.

Print this on your brain

Breadth colors, distilled

Scan the monitor left to right; let the colors do the talking.

4% up today — green / dark green

Buyers won the day. Dark green = 300+ up: a strong bullish thrust.

4% down today — pink / red

Sellers won the day. Red = 300+ down: a strong bearish thrust.

5- / 10-day ratio — green

Above 2.0. Money flowing in — a bullish trend in the 4% numbers.

5- / 10-day ratio — red

Below 0.5. Money flowing out — a bearish trend in the 4% numbers.

25% in a quarter — green ★

More up than down. Conducive for longs. The most important reading.

25% in a quarter — red ★

More down than up. Be cautious about any longs.

50% up in a month — red

20+ names up 50%. Possible overbought — froth, handle with care.

50% down in a month — green

20+ names down 50%. Possible oversold — a bounce becomes likelier.

T2108 below 40

Few stocks above their 40-day MA — the market is stretched down.

Yellow date

Half / shortened session. Smaller counts are expected — discount them.

Good to know

Where the numbers come from

The sheet is filled in from TC2000 — the underlying scans that count how many stocks are up or down by each threshold. The market monitor is a member resource of the Stock Bee community, created by Pradeep Bonde — known to members as Easy Guru (EG) — the trader and mentor behind stockbee.biz. This page is a Trade2Swing study guide for reading EG's monitor, shared with gratitude for his teaching — it is not the sheet itself.

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The rest of the panel

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Instrument A · Market Breadth

The breadth monitor has three sections

Primary indicators

Secondary indicators

Reference / misc

The primary section is three sets of numbers

Use the secondary section in addition to the primary

The context columns on the right

How to read the colors

A yellow date = a shortened trading day

Daily thrust: who won the day, and by how much

The trend of the money flow

The most important pair on the sheet

The extreme movers: overbought vs. oversold

The one signal that matters most

Breadth colors, distilled

Where the numbers come from

The rest of the panel

Index distribution & follow-through

Net new highs vs. new lows

Leadership & your own positions