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

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Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined - isatrader - 2021-09-18

US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

45.65% (-0.61% 1wk)

Status: Difficult Environment

Only a minor change this week, with the Nasdaq outperforming the NYSE and in a better field position

       

20 and 50 day Oscillator

Both Oscillators remain below the zero line, which means a difficult trading environment

       

Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

39.64% (+0.11% 1wk)

The individual Nasdaq chart is approaching its own 50 day MA once more. So potential to return to a positive / favourable environment if it can start to move above it.

       

NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

51.66% (-1.32% 1wk)

The NYSE individual chart continues to decline in the middle zone and below its own declining 50 day MA.

       


104 Dow Jones Industry Groups sorted by Relative Strength - isatrader - 2021-09-18

104 Dow Jones Industry Groups sorted by Relative Strength using stockcharts SCTR score

The purpose of the RS tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd.

100 is strongest, 0 is weakest

You can find out which stocks are in each industry group by going to https://stockcharts.com/freech... and clicking on the name of the group

       

1 week, 2 week, 4 week and 12 week RS changes

               

1 week RS Strength in numerous Energy and Consumer Discretionary groups over the last week. I highlighted the Renewable energy group earlier in the week, which was third strongest RS change this week https://twitter.com/Stage_Analysis/status/1438075140076670978 - The most relevant etf is $TAN which covers solar stocks

   

Another group of note this week is last years leading group $DJUSAU Automobiles, which has fallen down the RS table since February this year. But saw a 25 point jump this week back up to 13th in the RS table due to a strong week from the likes of $TSLA $F $GM $LCID

   


Cumulative Point & Figure Breakouts - Breakdowns - isatrader - 2021-09-18

   

Totals for the week:

+303 double top stock breakouts
-547 double bottom stock breakdowns

-244 net stock breakouts - stock breakdowns

Remained above the 20 day & 50 day MAs and so no change in status.

Status: Neutral / Positive Environment


Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators

               


Keep an eye for the weekend video later in the evening on Sunday (British Summer Time - BST), as I will go over the market breath charts in more detail as well as the watchlist stocks and more.


104 Dow Jones Sector Industry Groups sorted by Relative Strength - isatrader - 2021-09-19

104 Dow Jones Sector Industry Groups sorted by Relative Strength. Purpose is to track RS changes across the groups each week using stockcharts SCTR rating.

Of note this week is Renewable Energy group rising strongly from the lows to middle of the RS table, and last years leading group Automobiles up strongly to 13th overall

➜ Stage Analysis Members: Go to the Premium Members Board to see the full RS tables each week.

       


Nasdaq and NYSE Advance Decline line 10 Day MA Oscillators - isatrader - 2021-09-20

Nasdaq and NYSE Advance Decline line 10 Day MA Oscillators getting near to the lower extreme of the normal range today

       


The AAII Bull & Bears market sentiment - isatrader - 2021-09-20

The AAII Bull & Bears market sentiment is the most bearish that it's been since this time last year

   


Stock Markets, Sectors & Industry Groups - isatrader - 2021-09-20

Majority of S&P 500 sectors on the short and medium term Percentage of Stocks above their MAs are now in the lower zone with todays selling

   

S&P Indexes and Russell Indexes are also moving to the lower zone on the short and medium term timeframes

   


Comparison chart - isatrader - 2021-09-20

S&P 500 versus Nasdaq 100 versus Russell 2000

Only S&P 500 has broken below the near term pivot currently.