How to Gauge the Market Environment

A lot of my stance on the market comes from looking at hundreds of individual stocks every week and I go through a number of lists that either created on MarketSmith or screens that I've developed. And if I do then I just constantly adjust with what I'm seeing in the individual stocks. You shouldn't get so over focused on the indexes that you lose sight of individual stocks that could be starting a new move. So it's a combination of an overall general market looking at the indexes looking at individual stocks but also advanced decline lines to see how many stocks are moving.