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

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Monthly charts - NYSE, Nasdaq & S&P 500 - isatrader - 2015-09-05

To add a bit of long term perspective to current market position here's the 20 year monthly charts of the NYSE, Nasdaq and S&P 500

           

RE: Market Breadth Extra - gbarbs - 2015-09-06

(2015-09-05, 12:41 PM)isatrader Wrote: 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.

isa can you recommend a text to educate myself on these indicators? i am not up to speed on the interpretation. i had been trying to stick to the book to keep things simple but if this is consistent with the method then would like to learn more.

looking to get short in the market but struggling how to enter. with my IRA i cannot short individual stocks so am limited to purchasing short etfs. they have leveraged etfs available so am focusing on shorting the s&p and a few choice sectors. but i really don't have any tools for the short term moves so not sure when to really load up the truck.

at this point i've got a few remaining long positions with strong RS and tight stops. and i've gotten into a few short etfs and leverages S&P short etf. but with the majority of my account in cash, i feel i could be missing out on an exciting and very profitable move down

anyway, any recommendation you have on a text for the indicators you posted would be much appreciated

RE: Market Breadth Extra - isatrader - 2015-09-06

(2015-09-06, 04:01 PM)gbarbs Wrote: anyway, any recommendation you have on a text for the indicators you posted would be much appreciated

One of the best places to learn about market breadth indicators is from Dorsey Wright. So I'd recommed getting a copy of their book as it explains the vast majority of the breadth indicators that I cover, although some are custom made by myself applying the same principles.

The latest version of the book is here: http://www.amazon.com/Point-Figure-Charting-Application-Forecasting/dp/1118445708/ref=dp_ob_image_bk but I personally learnt from the older version, and doubt the new one will have anything different other than more up to date examples, so you can probably save about 70% off the price by getting a second hand copy of the third edition here: http://www.amazon.com/Point-Figure-Charting-Application-Forecasting/dp/0470043512/ref=sr_1_3?ie=UTF8&qid=1441552652&sr=8-3&keywords=Point+and+Figure+Charting

Another free resource that they have is the P&F university micro site, which has some simple lessons to get you started: http://oxlive.dorseywright.com/university/

I hope that helps

Nasdaq Market Breadth Update - isatrader - 2015-09-06

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

       

US Sector Breadth - isatrader - 2015-09-06

It's been three months since I last did the individual sector breadth calculations, and a lot has changed. So, below is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market and the data table of the sectors which is ordered by overall health.

This weeks data was calaculated from a total of 8147 stocks in the US market, and so covers over 16 times as many stocks as the S&P 500 does. And hence gives a true unweighted snapshot of the US market condition currently.

[Image: attachment.php?aid=23617]

Note: the overall sector average is currently at 23.95% which is in oversold territory. However, with the moving average breadth charts the buy signals come only when there is a strong move back through above the key 30% level, as it can stay in oversold territory for a long time as when stocks breakdown into Stage 4, they often have sharp collapses as people panic sell, which takes them well below their 30 week moving average, and so it can take a long time for them to get back above it again.

[Image: attachment.php?aid=23616]


Below is how many stocks that are in each sector:

Basic Materials: 561 stocks (6.89%)
Energy: 740 stocks (9.08%)
Financials: 1857 stocks (22.79%)
Industrials: 904 stocks (11.10%)
Technology: 1231 stocks (15.11%)
Consumer Staples: 306 stocks (3.76%)
Utilities: 335 stocks (4.11%)
Health Care: 990 stocks (12.15%)
Consumer Discretionary: 1223 stocks (15.01%)

RE: Market Breadth Extra - pcabc - 2015-09-06

I thought I'd post some of my breadth charts:
           
       

RE: Market Breadth Extra - pcabc - 2015-09-13

Latest market breadth:
           
       

RE: Stan Weinstein's Stage Analysis - Tryst - 2015-09-14

great charts, IsaTrader!