Market Overview
TradersLab MARKET OVERVIEW Documentation
Overview
The Market Overview page in TradersLab provides a comprehensive snapshot of the stock market, helping traders quickly assess market conditions, trends, and opportunities. This dashboard includes market indices, sector distribution, stock movers, news headlines, upgrades/downgrades, and economic events—all in one place.
Key Sections and Features
Market Indices and Performance
At the top of the Market Overview page, key indices are displayed, providing insights into broad market movements:
NYSE Composite Index (^NYA)
Equal Weight S&P 500 (RSP)
Equal Weight Nasdaq 100 (QQQE)
Small Cap Index (IWM)
Each index box includes:
Current price level
Daily percentage change
Trend condition (e.g., Pullback, Correction, etc.)
Credit Spread (SHY/HYG)
Tracks the spread between short-term Treasuries and high-yield bonds.
Rising spread = risk-off (credit tightening, bearish for equities).
Falling spread = risk-on (credit easing, bullish for equities). A “Bearish” tag means spreads are widening — often an early warning of defensive positioning.
Volatility Index (VIX)
Represents short-term volatility expectations.
Below 21-Day MA → neutral or bullish backdrop
Above 21-Day MA → elevated risk The trend indicator (“21 MA Trend (5d)”) helps spot when volatility is starting to rise or contract — a critical risk gauge for position sizing.
Bitcoin (BTCUSD)
Used as a risk sentiment proxy, especially in speculative phases.
Bullish when BTC trends above its 21-day MA with positive momentum.
Bearish when below — often signaling risk aversion in growth assets.
Market Sentiment
Shows the daily advance-decline breadth, comparing advancers vs. decliners across the market.
Positive values → more stocks rising than falling.
Negative values → underlying weakness even if indexes appear flat.
New Extremes
Measures new 21-day highs and lows across the universe.
High number of new highs = expanding participation.
High number of new lows = internal deterioration.
Long-Term Health
Percentage of stocks trading above their 200-day moving average.
50% = healthy, broad uptrend.
<50% = weakening or corrective environment. This gives a structural view of how deep the trend runs under the surface.
Breadth Momentum
Based on z-score normalization of breadth indicators (like McClellan Oscillator and Summation). Z-score normalization converts each reading into a standardized scale, helping remove noise and make levels consistent across time.
High positive z-scores = momentum thrust.
Deep negatives = washed-out, oversold breadth.
Sector Strength
Tracks how many sectors are currently positive (out of 11 GICS sectors).
>7 positive sectors = broad strength, high probability trend environment.
<4 positive sectors = narrow leadership, higher risk of false breakouts.
Global Daily Breadth
At A Glance: Sector Distribution & Market Returns
This section features a visual representation of stock movements across various sectors:
Sector Distribution: View return distributions across sectors in an easy-to-read bubble chart.
Intraday GDB Chart: Analyze real-time market breadth data.
Returns: Track historical and current returns across different market segments.
News Headlines
This section aggregates financial news to keep traders informed about market-moving events. Users can view:
Symbol-specific news (related to stocks in your watchlist or screener results)
General market news (top financial news from major sources)
Today’s Hot Stocks
Traders can quickly identify stocks with significant price action. This section provides:
Gainers: Top stocks with the highest positive percentage changes.
Losers: Stocks experiencing the largest drops.
Most Active: Stocks with the highest trading volume.
Each stock entry includes:
Ticker symbol
Company name
Current price
Daily price change (%)
Leading Stocks & Stocks to Watch
Leading Stocks
A heatmap view of the strongest stocks in the market based on performance metrics.
Heatmap:
Distribution Bubble chart:
Table view:
Stocks to Watch
Identifies stocks showing setup potential, liquidity, and notable price movements.
Heatmap:
Distribution Bubble chart:
Table view:
Upgrades and Downgrades
This section displays analyst rating changes from major financial institutions. Traders can view:
Stock ticker & company name
Upgrade or downgrade details (e.g., "Equal-Weight → Overweight")
Research firm responsible for the rating change
Economic Calendar
A critical tool for macroeconomic traders, this section lists upcoming economic events with:
Event name (e.g., GDP Growth Rate, Jobless Claims, etc.)
Scheduled date
Impact level (High/Medium)
Earnings Calendar
This section tracks upcoming earnings reports, displaying:
Stock ticker & company name
Earnings release date & time
Estimated EPS (Earnings Per Share)
Estimated revenue
How Traders Can Use the Market Overview
Assess Overall Market Conditions
Use index performance data and sector distribution charts to gauge market trends.
Identify Market Leaders & Opportunities
Check the Gainers, Losers, and Most Active lists to find high-momentum trades.
Stay Informed with News & Ratings
Read top financial news and analyst upgrades/downgrades to anticipate market moves.
Plan Around Key Economic Events
Use the Economic Calendar to prepare for high-impact market-moving announcements.
Monitor Earnings Reports
Stay ahead of earnings season with the Earnings Calendar for potential volatility plays.
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