S&P 500 Map Visualization

[trade-9]

I saw someone posted FinViz's S&P 500 Map visualization to stocktwits today and I was wondering if anyone's aware of anything like that in eSignal or Trader Workstation.

I don't really have a specific goal in mind, but it seemed like it could be something useful. I'm also interested to hear if anyone uses something like it as an indicator for helping determine to enter certain trades or not.

http://www.finviz.com/map.ashx

 

[Markus Gabel]

Hey trade-9,

in my opinion maps like these are very unhinged and not really useful. I use only the simple Dow theory to determine my trades. But it is only my view One trade whitch indicates my style were finished this morning.

kind regard
Markus

 

[viktor_k67]

I saw someone posted FinViz's S&P 500 Map visualization to stocktwits today and I was wondering if anyone's aware of anything like that in eSignal or Trader Workstation.

Kind of messy, I guess splitting into services makes it kinda difficult to see everything fast. Iwould prefer to have it not split and to have services separately. But I guess after regular use , the one can get use to the way hies map is build.

I personaly use simple raditional map:
http://www.marketvolume.com/heatmap/stocks.asp?s=SPX
I can sort it by price change or by volume when needed. Pluss I may see historical readings.

Do I use it to predict S&P 500? - no. I use it only to see what stocks moves the S&P 500 - top 10 winners and top 10 losers. I check the charts of these stocks and I may get some input what I can expect from the S&P 500 during the current trading session.

I also check the Breadth numbers to see how many S&P 500 stocks have strong move up (up 2% and more), strong move down (down 2% and more), total number ofpositive stocks and total number of ngative stocks. This info also gives some input whether the current move is wide and strong (supported by the majority of stocks), or the current move is just a result of a few stocks and as soon as they out of "stem" we may expect a reversal.

To evaluate current trading session in a fast way, the map is good. Beyond that nothing.

 

[trade-9]

I also check the Breadth numbers

I like this idea. I wonder what the best way to see breadth in a trading platform is. Perhaps a watchlist of sector ETFs, or a watchlist of the top ## stocks that comprise the S&P?

 

[viktor_k67]

It is easy to see Breadth number on Heat Map when you deal with DJI (only 30 stocks), It is still ok with Nasdaq 100 (100 stocks). It becomes harder when we talk about 500 stocks of the S&P 500, and here I prefer charts which would also include advance/decline volume:

chart courtesy of http://www.marketvolume.com

On the other hand, the Heat Map is good when you want to see the top stocks pushing the index up and top stocks pilling the index down together with Breadth data.