The IBD 50 Index (ticker: FFTY) is a good example of why it's been a challenging year for using the stage analysis method. As stage analysis tends to focus on leading growth stocks like what this index covers, which as you can see from this five year chart tend to underperform during Stage 1, 3 and 4 periods, but outperform strongly during a Stage 2 period. So I think this is a good index to add into the weight of evidence, as it gives some extra useful information about the state of the market. As we only want to be aggressively long during Stage 2 .
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA & S&P 600
With September coming to a close, attached is the monthly overview charts of the NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth for a broader perspective of where the market is currently.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
