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Cumulative Point & Figure Breakouts - Breakdowns - isatrader - 2021-10-23
Totals for the week:
+637 double top stock breakouts
-290 double bottom stock breakdowns
-347 net breakouts - breakdowns
Status Change: Neutral / Positive Environment - managed to hold above the short term MAs
Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators
Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined - isatrader - 2021-10-30
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
50.08% (-1.54% 1wk)
Status: Positive Environment
The cumulative line pulled back strongly on Wednesday but rebounded into the week end with the 50 day MA starting to turn up.
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined Point and Figure Chart saw no change this week and remains in a column of Xs and hence on Offense.
20 and 50 day Oscillator
These show the distance that the combined chart is from the 20 day MA and 50 day MA on the chart. Above the zero is positive environment and below is a difficult / negative environmentÂ
Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
40.47% (+0.27% 1wk)
NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
59.69% (-3.36% 1wk)
104 Dow Jones Industry Groups sorted by Relative Strength - isatrader - 2021-10-30
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
Automobiles moved back to top spot in the RS rankings (which I talked about the likelihood of in last weeks video) and multiple Renewable Energy stocks had Stage 2 breakouts moving it up to 3rd overall from near the bottom 3 months ago. Also of note was Software & Semiconductors.
The Renewable Energy Group $DWCREE has climbed 96 in the RS rankings over the last three months and is seeing multiple Stage 2 breakouts over the last few weeks. So is an area of the market to focus in on currently using the Stage Analysis Forest to the Trees approach.
Cumulative Point & Figure Breakouts - Breakdowns - isatrader - 2021-10-30
Totals for the week:
+582 double top stock breakouts
-404 double bottom stock breakdowns
+178 net breakouts - breakdowns
Status: Neutral / Positive Environment
Starting to make some small progress away from the MAs and is close to the near term pivot.
Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators
+1x ATR(21 day) and -1xATR(21 day) breadth charts - isatrader - 2021-10-30
This is a new breadth area that I'm building up based on how I use the ATR bands in my own trading, which I've talked about in the recent videos. But once I have some spare time I'll start to back fill the data on -1xATR chart.
Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined - isatrader - 2021-11-06
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
58.44% (+8.36% 1wk)
The cumulative line broke out above the near term pivot and its own 50 day MA turned higher.
Status: Positive Environment
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined Point and Figure Chart.
Added a few more Xs this week to broke above a near term pivot and so on bull confirmed status which is offense strategy.
20 and 50 day Oscillator
These show the distance that the combined chart is from the 20 day MA and 50 day MA on the chart. Above the zero is positive environment and below is a difficult / negative environmentÂ
Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
48.50% (+8.03% 1wk)
Broke above 2 near term pivots and its own 50 day MA turned higher. So continuing to make positive progress after briefly dipping into the lower zone back in August.
NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
68.38% (+8.69% 1wk)
Broke above 2 near term pivots and continuing to make progress back towards the upper zone with its own 50 day MA turning higher.
104 Dow Jones Industry Groups sorted by Relative Strength - isatrader - 2021-11-06
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
There's a theme with this weeks biggest moving groups in the RS table as they are all in related groups, with multiple stocks from each popping up in my watchlist scans.
$DJUSRQ Recreational Services
$DJUSTT Travel & Tourism
$DJUSHL Hotel & Lodging REITs
$DJUSAR Airlines
A few examples include $ABNB which is one of the most well known from the group, which had an earnings gap on Friday. $EXPE was also on the move Friday with an earnings gap up, as were various cruise line stocks and airlines. So suggests some deeper research needed.
Cumulative Point & Figure Breakouts - Breakdowns - isatrader - 2021-11-06
Cumulative Point & Figure Breakouts - Breakdowns
Totals for the week:
+1033 double top stock breakouts
-283 double bottom stock breakdowns
+750 net breakouts - breakdowns
Status Change: Positive Environment
The cumulative line advanced towards the highs this week
Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators