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Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - Printable Version

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RE: Market Breadth Extra - isatrader - 2014-05-07

(2014-05-07, 12:23 AM)Tryst Wrote: One thing that I came across on the financials sense weekly bill of health report which I some times read (if I come across it in my emails at the moment I have a spare minute), which is something I think could be worthwhile adding to your sectors tables is the % of weight each sector has on the index is it is in.

The universe of stocks that I use for my sector charts is much bigger than S&P 1500 that financial sense uses, as I include all stocks in the US market with a market cap above 50million. The figure for each sector fluctuates a bit each week as new stocks come in and other stocks get delisted. But I will try to do an update on the sector weightings every now and again. Currently it is as follows:

Financials - 1027 stocks
Technology - 732 stocks
Consumer Discretionary - 693 stocks
Health Care - 512 stocks
Industrials - 498 stocks
Energy - 408 stocks
Basic Materials - 349 stocks
Consumer Staples - 195 stocks
Utilities - 191 stocks

Total 4605 stocks

As I said, these figures change every day, and so I'll update them occasionally for you, but you can see currently the top three sectors make up over 53% of the market, and hence moves in those are more important than moves in the sectors like utilities which only have a few hundred stocks.

RE: Market Breadth Extra - Tryst - 2014-05-07

Thanks, isatrader.

Is the weighting based on the amount of stocks in a sector or the market cap of the stocks in a sector?

RE: Market Breadth Extra - isatrader - 2014-05-07

(2014-05-07, 01:32 PM)Tryst Wrote: Is the weighting based on the amount of stocks in a sector or the market cap of the stocks in a sector?

My sector charts are simply created by dividing the amount of stocks in the sector above their 150 day moving averages by the total amount of stocks in the sector.

Nasdaq Breadth Charts - isatrader - 2014-05-07

The divergence between the NYSE and the Nasdaq has continued over the last month, with the Moving Averages Breadth charts all on Bear Confirmed status in the lower half of the scale and today some of the other breadth gauges have joined them with the Nasdaq Cumulative Advance Decline Line breaking down, the Nasdaq Momentum Index rapidly approaching it's zero line, and the Nasdaq Bullish Percent Index closing the day in the bearish half of the scale below 50 for the first time since 2012. So although there are numerous signs on the short term gauges that it's oversold, the medium and longer term measures still have a long way to go before they get to oversold levels, and hence with the Nasdaq Composite chart itself still yet to breakdown, my conclusion is that it's in late Stage 3B and the signs from the breadth indicators suggest that it hasn't got many more dead cat bounces left before it moves into a full Stage 4 decline.

The Nasdaq Bullish Percent Index

   

Nasdaq Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages P&F charts

           

Nasdaq Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages line charts

           

Nasdaq Advance Decline Line

   

Nasdaq New Highs New Lows

       

S&P 500 Cumulative P&F Breakouts - Breakdowns - isatrader - 2014-05-10

Attached is the exclusive S&P 500 Cumulative P&F Breakouts - Breakdowns charts.

There was 28 breakouts and 20 breakdowns this week in the S&P 500.

           

           

Advance Decline Breadth Charts - isatrader - 2014-05-10

Attached is the updated 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.

New Highs New Lows - isatrader - 2014-05-10

Attached is the New Highs / New Lows charts.

Market Breadth Update - isatrader - 2014-05-10

Attached is the NYSE Bullish Percent Index and the NYSE long, medium and short term moving average breadth charts.

[Image: attachment.php?aid=10398]

The NYSE Bullish Percent Index

   

NYSE Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages P&F charts

           

NYSE Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages line charts