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

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US Industry Sectors - isatrader - 2014-01-12

Attached are the updated US Major Sector Charts and relative performance table.

[Image: attachment.php?aid=6628]

Dow Jones US Sub Sectors Performance - isatrader - 2014-01-12

Attached is the US Sub Sectors ordered by the weekly percentage change. To see the full list sectioned by major sector, with links through to individual stocks in each sector, go to: http://stockcharts.com/freecharts/industrysummary.html?&V=W&G=SECTOR_SPDR

UK FTSE 350 Sectors Relative Performance - isatrader - 2014-01-12

Attached is the Relative performance tables for the UK FTSE 350 Sectors.

To see the individual stocks in each sector go to: http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/constituents-indices.html?index=NMX&industrySector=&page=10 and use the drop down menu.

FTSE 350 Sectors - Ordered by Overall RS Score

   

FTSE 350 Sectors - Ordered by Weekly Change

   

FTSE 350 Sectors - Ordered by Monthly Change

   

RE: Stan Weinstein's Stage Analysis - Tryst - 2014-01-17

(2014-01-02, 12:31 PM)isatrader Wrote: The Relative Performance Zero Line (52 week moving average of the stock divided by the S&P 500) is a useful guide as to whether a Stage 2A breakout will be successful or not. The Mansfield RS flattened the zero line, but by viewing the unflattened MA you can get additional vital information as to whether it's too early for a stock to breakout or not successfully. As I've noticed through the hundreds of charts I look at daily that if the zero line is still declining sharply when the Stage 2A breakout occurs, that the stock will struggle to advance. It doesn't mean that it won't advance, but that the most successful Stage 2A breakouts occur when the zero line is either flattening or already moving higher.

Hi Isatrader,

when you say the Relative Performance Zero Line, is what I have set up as an indicator below correct to how you have it?

I am using a daily chart below, so does this Relative Performance Zero Line still apply?

(also I am using the Continuous commodity instead of S&P here as my securities in this instance are commodity based ETFs.

   

Thanks

RE: Stan Weinstein's Stage Analysis - isatrader - 2014-01-17

(2014-01-17, 12:02 AM)Tryst Wrote: when you say the Relative Performance Zero Line, is what I have set up as an indicator below correct to how you have it?

I am using a daily chart below, so does this Relative Performance Zero Line still apply?

(also I am using the Continuous commodity instead of S&P here as my securities in this instance are commodity based ETFs.

No, you've used the same indicator that I use for the unflattened version, and tried to style it as the flattened Mansfield RS. Also, if it's a daily chart then the moving average to use is the 200 day MA. It's the weekly chart that uses the 52 week MA as the zero line. So you need to adjust that on your daily chart.

So from looking at your screen shot, delete the bottom two rows in the settings that have the horizontal line in the title and then you'll just be left with the following:

   

If however, you want the Mansfield RS with the flattened zero line then you need to select that indicator instead of the Relative Strength (Comparison) which is used for the unflattened version. As remember the "zero line" refers to the moving average in the Relative Strength (Comparison) indicator.

RE: Stan Weinstein's Stage Analysis - Tryst - 2014-01-17

Thanks, Isatrader.

The indicator now looks like the below. Is the MA supposed to look that rigid? It just seems like a straight line angled upwards.

   

RE: Stan Weinstein's Stage Analysis - isatrader - 2014-01-17

(2014-01-17, 12:52 AM)Tryst Wrote: Thanks, Isatrader.
The indicator now looks like the below. Is the MA supposed to look that rigid? It just seems like a straight line angled upwards.

Yes, on a daily chart it will look quite rigid as it's a 200 day moving average, and so if the stock has been outperforming for a long time, like the one you've got in your screen shot then it will be rising.

You're also using a very wide daily chart in that example. So I'd suggest putting your daily chart next to your weekly chart and linking the charts using the link icon at the bottom left of the chart window, and then setting up the weekly relative performance as well with the 52 week setting on the MA. As then each time you change stock both charts will change to the next stock at the same time.

See attached my basic chart setup with the weekly and daily side by side

Market Breadth Update - isatrader - 2014-01-18

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

[Image: attachment.php?aid=6810]

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