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RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2021-12-30

S&P500 versus Russell 3000 breadth

The rapid increase in stocks above their 20, 50 and 200 day EMAs has continued, 11, 12 & 13.  Unlike last time I posted the gold and silver cross indices seem to be following, 14 & 15.  The Weinstein Momentum and 1% A/D have bounced off of the zero lines.  So this market is stronger than last week.  Of course, it is likely a quiet week, so lets see how that works out next week.
   

Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined - isatrader - 2022-01-01

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

42.11% (+2.67% 1wk)

Status: Difficult Environment as still below 50 day MA, but the P&F double top breakout, and so moves to P&F Bull Confirmed status.
Strategy: Neutral+ with Progressive Exposure

       


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 environment 

       


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

53.24% (+4.84% 1wk)

       


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

30.98% (+0.51% 1wk)

       
Below are the periods when the % of stocks was on Positive Environment Status in 2021 i.e. windows of opportunity.

1. 11-05-2020 to 01-27-2021
2. 02-04-2021 to 02-18-2021
3. 05-27-2021 to 06-17-2021
4. 08-27-2021 to 09-08-2021
5. 10-14-2021 to 11-22-2021

These are the periods when it was key to be more aggressive and try to get up to fully invested. As the market tailwinds were in your favour. So after the strong January there was only 4 brief windows of opportunity in 2021 on the long side.

Cumulative Point & Figure Breakouts - Breakdowns - isatrader - 2022-01-01

Totals for the week:

+740 double top stock breakouts
-206 double bottom stock breakdowns

+534 net breakouts - breakdowns

Status: Neutral Environment

   


Cumulative Point & Figure Breakouts - Breakdowns Distance Above / Below its 20 day MA

   


Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators

               

+1x ATR(21 day) and -1xATR(21 day) breadth charts - isatrader - 2022-01-01

% above +1x ATR(21 day) = 35.93%
% below -1xATR(21 day) = 3.20%

The cumulative line regained its 20 day MA and so the bulls are in control currently.

           

104 Dow Jones Industry Groups sorted by Relative Strength - isatrader - 2022-01-01

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/freecharts/industrysummary.html#&t=T and clicking on the name of the group

       


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

               

Automobiles $DJUSAU remains one of the strongest groups in 2nd place overall as $TSLA pulls back into its 50 day MA. Other stocks from the watchlist in the group of interest currently include: $F, $VLCN, $XPEV, $LI

               

Home Improvement Retailers $DJUSHI was another area of strength this week with $HD and $LOW both moving back towards the top of their developing bases after rebounding strongly fro the 50 day MA area. They are early in bases, but on watch for Stage 2 continuation BO attempts.

               

RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-01-04

Update on the S&P500 versus Russell 3000 breadth

I've purged some recent calculations and refreshed them, as the disruption of switching the machine off & market holidays sometimes affects things.  Plus there are a couple more days data since my last post.

2. Advance / Decline is lagging a little, has not made a new high, unlike the price, 1.  The Advancing / Declining Volume line, however, is making new highs. 

The Weinstein Momentum 5, and 1% A/D line, 6, definitely have both bounced off their zero lines, upwards.  The various McClellan indicators, 7-10 are positive.

While the % stocks above the 50 and 200 day EMAs are both moving upwards, 12 & 13, the % above the 20 day EMA has suddenly dropped after being rather high, 11.

The Silver Cross Index, 14, is moving upwards through 50%.  However, while the Gold Cross Index, 15, is above 50% and has crossed above its 20 day EMA, is is overal heading downwards unless this trend turns.

   

Effective Volume - SPY, QQQ, IWM - isatrader - 2022-01-05

Effective Volume update from http://www.effectivevolume.com/content.php?156-etf-review on the $SPY, $QQQ, $IWM

Notable drop off in large player volume in the Nasdaq 100 $QQQ. S&P 500 $SPY large player EV continuing to decline since Dec 27, and Russell 2000 large player EV declining since Dec 22.

   

Intraday charts - isatrader - 2022-01-05

The intraday charts of the major indexes and sector etfs tell the story of the day. Early strength in defensive areas eroding as the day went on with liquidation type selling across the board as we approach the end of the day.

Large player volume normally occurs during the final 15 mins. So be interested to see if they support it or not.