More Information - Market Measure

Indices Presented:

The Market Measure list presents a spectrum of major market, broad-market, volatility, sector and industry indices. Not all sectors and industries can be presented, and we have included the most important ones. Many indices – the S&P 500, for example, do not provide volume. We have included average daily volume for those that do. The indices presented are grouped by industry type and roughly appear in this order:

Major Market
Broad Market
Sectors
Industries
Volatility Indices

Or course, we do not have an index for every industry group, nor every sector, but have included the major ones.

CallWriter's Proprietary MADI:

CallWriter’s lists of trade candidates all feature our proprietary MADI (moving average directional indicator). This indicator shows you where the current stock price is – up, down or flat - in relation to the stock’s 20-day and 50-day simple moving averages.

We also present MADI values for each index, showing where the current index value falls in relation to its 20- and 50-day simple moving average. See our MADI help file.

Using this List:

If you are interested in a particular stock, first note it's MADI value. Then compare it to the most relevant broader-market index (Ex: S&P 500, Nasdaq Composite or Russell 2000, etc.) or the relevant industry index, if available. Doing so, as in the examples below, will give you an excellent idea how the stock's performance compares to the most relevant index.

EX 1: If a stock in the Oil Services sector has a MADI of 02:04 when the PHLX Oil Services Index has a MADI of 00:-02, the stock is outperforming the index.

EX 2: If the Oil Services sector stock has a MADI of -03:-05 when the PHLX Oil Services Index has a MADI of 00:-02, the stock is underperforming the index.