RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Cleaning up the data in my US Industrials breadth chart
I spotted this morning that my list of US Industrials contained a significantly large number of UK companies. I put together these charts in my spare time for fun, so I have from time to time posted health warnings about these charts as they have not got the rigor that hopefully someone doing this professionally would have. The charts below show the data before the UK companies were removed, after, and then both are overlaid. As you can see from the overlaid chart the difference is not large, probably owing to correlations between the two nations.
US Industrials, with a large proportion of UK companies included:
US industrials, after cleaning out the UK companies: