RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2020-09-08, 06:05 AM)grbaNT Wrote:
(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.
The commentary, especially the developments with stage 1's is very interesting when compared to what happened with the indices.
Yep, very interesting. It seems that some money is moving to laggards.
Normally though if the market was weakening you'd expect it to move to the large caps, but this implies the opposite? I think we are agreeing here. I wonder what is up?
RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Breadth, UK Personal Goods
I thought I would post this breadth chart, as it was the standout worse rating in my scoring system, and one that, with the 'DANGER, Divergance!' alert one that was raising alarm bells for a scoring system that was based on the S&P500/NYSE breadth data around the 1987 crash. Whether it is valid here is a good question, but it is an indication that things are bearish. But care is needed as I have only seven stocks in this sector, though I may have deleted one or two with poor data. The UK seems to suffer from more sectors but fewer stocks which can make the smaller ones quite tiny. Also, as this breadth is calculated my myself based on data I have available, and I'm doing this on my own, it may be a bit ad-hoc and errors are always possible.
The chart:
THe stocks I currently have in this sector, all LSE, are BRBY. MIL, PTD, SDRY, TED, W7L and WOGS. My stage estimator shows mainlystocks in stage 4, none in stage 2. Interestingly though SDRY and TED may be moving into stage 1, indeed you could argue that SDRY is.
