Market Internals

20 ธ.ค. 2022

Market internals can be a powerful tool for determining future moves, overall trend health and provide a means of directional confidence.

This indicator watches a handful of SPX and US stocks based internals to determine key areas of sentiment changes, the internals monitored are:

• [T] US Stocks Ticks
  
• [O] Call and Put SPX Volume
  
• [G] SPX Gamma Dispersion
  
• [V] US Stocks Ask and Big Volume
  
• [I] US Stocks Advancing and Declining Issues
  

Each time there's a bullish or bearish sentiment change it will be market with green/red flag and a single letter that identifies what market internal has changed.

SPX gamma dispersion events aren't to be considered directional from historical observations made but can be a sign of liquidity adjustments and when paired with any of the other aforementioned internals sentiment changes can be used as a powerful signal.

If it's observed that market internals are changing erratically then it's a clear indication of market chop and best to wait for cleaner trends.

Future updates may include non-SPX based internals analysis, change in display, alerts/alertconditions and more. Feel free to comment with any desired changes and we can discuss!