[grbaNT]

Attached are the updated charts of the US Stock Market Survey Indicator, Individual Stages, SP500 Survey, SP400 Survey and SP600 Survey.

If you want to read my commentary, please go to https://dg-swingtrading.blogspot.com/sea...e%20Survey

[isatrader]

Here's the weekly overview charts of the NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth.

                       

[isatrader]

Attached is the updated NYSE and Nasdaq Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.

                                       

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Attached is the updated US New Highs - New Lows Charts

               

[isatrader]

Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.

Totals for the week:

+283 double top breakouts
-142 double bottom breakdowns

+141 net breakouts - breakdowns

                           

[isatrader]

Below is the Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health. Also attached is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market.

Note: the overall sector average is at 53.35% currently and advanced +1.25% since last week, with Financials and Consumer Discretionary having the largest gains.

       

[malaguti]

Below is the Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health. Also attached is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market.

Note: the overall sector average is at 53.35% currently and advanced +1.25% since last week, with Financials and Consumer Discretionary having the largest gains.

ISA, I'm looking at creating a ranking within amibroker for sector strength. would you recommend using this as a basis for comparison?
so looking at the results this week, we'd be saying its better to get into utilities or financials right now, so long as the sector too was basing or in a stage 2?

[isatrader]

ISA, I'm looking at creating a ranking within amibroker for sector strength. would you recommend using this as a basis for comparison?
so looking at the results this week, we'd be saying its better to get into utilities or financials right now, so long as the sector too was basing or in a stage 2?

What the Percentage of Stocks above their 150 day MAs Sector chart shows is the overall health of the stocks in each sector. What it doesn't show is the relative performance of that sector compared to the market. So although utilities has been the healthiest sector since October, it's not necessarily been the strongest compared to the S&P 500.

So in order to beat the market I'd recommend creating a ranking based on the Mansfield RS numbers, as that will tell you which sectors are outperforming the market.

I used to do it in the old days on here when I had the custom software to do it. So look back at the start of the thread here: https://stageanalysis.net/forum/showthre...d=13#pid13

[pcabc]

ISA, I'm looking at creating a ranking within amibroker for sector strength. would you recommend using this as a basis for comparison?
so looking at the results this week, we'd be saying its better to get into utilities or financials right now, so long as the sector too was basing or in a stage 2?

What the Percentage of Stocks above their 150 day MAs Sector chart shows is the overall health of the stocks in each sector. What it doesn't show is the relative performance of that sector compared to the market. So although utilities has been the healthiest sector since October, it's not necessarily been the strongest compared to the S&P 500.

So in order to beat the market I'd recommend creating a ranking based on the Mansfield RS numbers, as that will tell you which sectors are outperforming the market.

I used to do it in the old days on here when I had the custom software to do it. So look back at the start of the thread here: https://stageanalysis.net/forum/showthre...d=13#pid13

I create a ranking by measuring the slopes of the 50 day and 150 day SMAs and ranking based on the sum of those two slopes:
   

I don't see the need to use the Mansfield Relative Strength as you are ranking all of them against the same market index, so the strongest would be the strongest irrespective what you use as a baseline.

It is interesting that the percentage above the MA and the relative strengths of the sectors versus one another differ.  I'm have thought that the percentages above the MAs would lead, but I can see that in your graphs.  I wonder which of the two is most useful, or is it a combination of both?  Or perhaps just a strengthening of the relative strength as the percentage above the MA moves out of oversold?

I've calculated, based on 69 financial stocks, a financials breadth chart:
   

Notes:

1. 150 day SMA has just turned upwards.
   
2. Advance / decline line is making a new high.
   
3. Advance / declining volumeis on its 50 day MA after a recent high.
   
4. Momentum indicator is +ve.
   
5. New highs minus new lows is +ve.
   

Interesting things to note: