Eureka & Phoenix Thrust — NYSE (90% Breadth Days)

🚀Eureka & Phoenix Thrust Indicator (NYSE Breadth)
Overview

This free indicator highlights rare but powerful breadth thrust days on the NYSE that can mark important turning points in the market.
It automatically detects both:

📈 Eureka Thrust (90% Up Day)
– At least 90% of NYSE issues advance and at least 90% of NYSE volume is advancing.
– Often signals broad-based institutional buying and strong market demand.

📉 Phoenix Thrust (90% Down Day)
– At least 90% of NYSE issues decline and at least 90% of NYSE volume is declining.
– Reflects broad institutional selling or panic, sometimes marking capitulation lows.

Both signal types were popularized by Lowry’s Research and O’Neil/IBD market models.
Notes

Eureka Thrusts are bullish confirmation signals, especially when clustered.

Phoenix Thrusts often mark panic selling — bearish in the short term, but can precede market bottoms if followed by Eurekas.

These events are rare. You may need to scroll back in history (e.g., March 2020, 2008, 1987) to see them in action.

Disclaimer

This tool is for educational and informational purposes only.
It is not financial advice. Always do your own research and risk management before making trading or investment decisions.