Attached is the updated S&P 500 / Index and Equity Options Ratio charts and a new one for you that I thought of, which is the NYSE Percentage of Stocks above their 150 Day Moving Averages divided by the Index and Equity Options, as the NYSE Percentage of Stocks above their 150 Day Moving Averages chart has a fixed scale of 0 to 100 and so will give a much more similar overall range over the years than index price divided by the Index and Equity Options, as the S&P 500 is at a much higher price today.
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.
Below is the data table for the Percent of Stocks Above 150 Day Moving Average in each sector which I've ordered by relative strength, with the highest to the lowest percentage in each sector. Also attached is the visual diagram of the 9 sectors and the NYSE Percentage of Stocks above their 150 day Moving Averages line chart.
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.
Attached is the US Sub Sectors ordered by the weekly percentage change. To see the full list sectioned by major sector, with links through to individual stocks in each sector, go to: http://stockcharts.com/freecharts/indust...ECTOR_SPDR
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.
The following post is the latest article by our sponsor Alan Saunders from Sharehunter.com who provides a daily stock alerts service via email based on Weinstein’s trader method for the S&P 500, Nasdaq 100 and the FTSE 350 stocks.
Quote:
An Object Lesson - The Importance of the Dominant Trend
Dear Trend Follower,
Trawling through the 950 or so UK and US stocks as I do every day (automatically, not manually!!) I came across Cairn Energy, a FTSE 250 share and thought that it illustrated well the principle reason why we, at ShareHunter, insist on only trading in line with the dominant trend of the stock and the market index as promulgated by Weinstein. At the same time it also well illustrates the dangers of ‘bottom trawling’ (that many traders still subscribe to).
I have shaded the areas of the four different dominant trends that we identify and you can see what an effective tool ‘Stage Analysis’ is; it will prevent us from buying the share when the share is going sideways or down; it will allow us to identify the right time to go short (at the start of a ‘stage 4’ Downtrend) and it will encourage us to buy at the start of a ‘stage 2’ Uptrend and the ‘stage 3’ Topping trend is our signal to lighten or exit a position in the share.
CNE, weekly share prices –
Those traders who thought that the bottom had been reached (during the recent, long, Stage 1 Basing trend) will be feeling very sick right now after the share’s fall from 273p area to 201p. Ouch, sorry guys but “thinking†is not the way to trade profitably – it is by reading the trend and the prices action relative to the volume action (I have not included volume in this short review) that the true course of events can be unfolded. Wait for the Uptrend to become the dominant trend, don’t guess.
With regards
Alan Saunders
Chief Analyst, ShareHunter.com
February 2014
Thanks to Alan Saunders for this months article.
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.
