RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2020-09-06, 08:04 AM)grbaNT Wrote: Attached are the updated charts of the US Stock Market Survey Indicator, Individual Stages, SP500 Survey, SP400 Survey and SP600 Survey.
RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
It was interesting Friday that the S&P500 formed an obvious hammer as did all the sectors except for Energy. Generally the hammers were on only slighter lower volume that the big drop the day before. Does this mean this is a short lived pullback and we are back to the climb of the last few months or is it a sign of a turning point?
(This post was last modified: 2020-09-06, 01:56 PM by pcabc.)
RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
US sector breadth charts:
I think the US Materials sector is worth a look, as although not the strongest sector the pullback has been minor, rather it just takes back a shart gain the previous day. If you take out Wednesday and Thursday's data there is a climb that continues to Friday, with the only really notable thing being a massive volume spike.
I don't think this results from precious metal miners as thier charts are quite a different shape in recent months, both with significant pullbacks that we do not see in the US materials sector..
RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2020-09-06, 12:58 PM)pcabc Wrote:
(2020-09-06, 08:04 AM)grbaNT Wrote: Attached are the updated charts of the US Stock Market Survey Indicator, Individual Stages, SP500 Survey, SP400 Survey and SP600 Survey.