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+--- Thread: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis (/Thread-Stan-Weinstein-s-Stage-Analysis-and-Market-Breadth-Technical-Analysis)
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RE: Market Breadth Extra - JimStudent - 2015-02-09
(2015-02-08, 10:26 PM)isatrader Wrote: Below is the data table for the Percent of Stocks Above 150 Day Moving Average .....
Hi Isatrader. I know in another post you said you try not to give your personal opinion too often. But I want to thank you for you editorial additions. Whenever I read your opinion or someone else's opinion I learn.
I think the board is more interesting and more informative when poster's post their interpretation of the technicals. I may post some things and be wrong but that's ok, because as others opinions, technicals, and most of all the market, confirm some things I know and teach me how much I don't know - I become a better investor.
Thank you when you share your opinion because it helps me become a better investor.
RE: Market Breadth Extra - isatrader - 2015-02-09
(2015-02-09, 12:05 AM)JimStudent Wrote: Hi Isatrader. I know in another post you said you try not to give your personal opinion too often. But I want to thank you for you editorial additions. Whenever I read your opinion or someone else's opinion I learn.
I think the board is more interesting and more informative when poster's post their interpretation of the technicals. I may post some things and be wrong but that's ok, because as others opinions, technicals, and most of all the market, confirm some things I know and teach me how much I don't know - I become a better investor.
Thank you when you share your opinion because it helps me become a better investor.
Thanks Jim, I will try and do more editorial additions on the weekly data if that helps. But in terms of my personal opinion on the data - I'd rather limit that mainly to my journal thread, where it's clear that's only my opinion and then won't influence anyone else's own interpretation of what they are seeing in the data.
S&P 1500 MACD Breadth Charts - isatrader - 2015-02-09
I've decided to add a new set of custom breadth charts into the mix based around the MACD indicator, which is something I've seen done by an analyst on the Financial Sense website in the past.
I've chosen the sample size to be the S&P 1500 stocks, so that it covers the major large, mid and small caps in the US market and I've set it up so that it has a short, medium and long term measure.
The short term measure is the % stocks on a Daily MACD on Buy Signal in S&P 1500 - which means the % of stocks with a MACD Histogram greater than zero.
The medium term measure is the % stocks with a Daily MACD Line above the Zero Line in the S&P 1500.
The long term measure is the % stocks with a Weekly MACD Line above the Zero Line in the S&P 1500.
I've done from the start of 2015 to begin with, which gives a fairly sparse chart, but when I get time I'll go back and calculate the figures for a 2014 to fill the chart out and give some reference points to compare against. But in essence it's the same concept as the % of stocks above their 150 day MA that I do, except with the MACD data points instead, so the charts should be similar in nature, and will be a good additional confirmation tool to the % of stocks above their 150 day MA.
Nasdaq Advance Decline Volume Breadth Charts - isatrader - 2015-02-11
The Nasdaq Advance Decline Volume line made a new high today, which is good to see, as is a positive divergence with the price action which hasn't yet made new highs. So signs of accumulation in the Nasdaq market.
S&P 500 & S&P 1500 Cumulative P&F Breakouts - Breakdowns - isatrader - 2015-02-11
I posted this in the S&P 500 Breakouts - Breakdowns thread, but thought it was worth repeating here for those that don't look in that free thread, as the Cumulative P&F Breakouts - Breakdowns in S&P 500 & S&P1500 moved to new highs today. Bull Confirmed signal for this indicator.
Percentage of Stocks above their Moving Averages - status changes - isatrader - 2015-02-13
Another important milestone for the market breadth today with both the Nasdaq and NYSE long term Percentage of Stocks above their 200 day Moving Averages moving to Bull Confirmed status with breakouts above the 50% level.
I keep seeing post on other sites of how weak the breadth is. They are clearly not looking at the same data,as we have new highs in the NYSE cumulative new highs - new lows, news highs in the Advance decline data, new highs in the P&F breakouts - breakdowns and now Bull confirmed signals on the moving average breadth charts. The weight of evidence is looking definitely favoring the bulls right now imo, after being in neutral position at the start of the year.
S&P 1500 MACD Breadth Charts - isatrader - 2015-02-13
Updated MACD breadth measures, which are:
The short term measure is the % stocks on a Daily MACD on Buy Signal in S&P 1500 - which means the % of stocks with a MACD Histogram greater than zero.
The medium term measure is the % stocks with a Daily MACD Line above the Zero Line in the S&P 1500.
The long term measure is the % stocks with a Weekly MACD Line above the Zero Line in the S&P 1500.
I've continued to input the historical data from 2014, and so have almost a years worth of data for the medium and long term charts now, which I think are more important to have historical data on, as the short term indicator clearly moves from the top to the bottom on regular basis, and so is less important to have historical data for, as will generally look the same, whereas the medium and long term measures move to the extremes of the range less frequently, and so it will be useful to look at older data to get a picture of what their signals are. For example the October flush only took the long term signal down to 47.33% before turning higher again.
Currently the MACD breadth seems to be in bull mode with all three timescales in the high 60 / early 70 percent range, with some strong moves higher this week.
US Industry Sectors Breadth - isatrader - 2015-02-14
Below is the data table for the Percent of Stocks Above 150 Day Moving Average in each sector which I've ordered by relative strength, with the highest to the lowest percentage in each sector. Also attached is the visual diagram of the 9 sectors and the NYSE Percentage of Stocks above their 150 day Moving Averages line chart.
It was another strong week with eight of the nine sectors up. The strongest five being Technology, followed by Basic Materials, then Health Care, Consumer Discretionary and Industrials. Six of the nine sectors are now in bull territory above 60%, Industrials is only 0.7% below that at 59.30%, and Basic Materials Continues to improve, up to 46.60% this week.
The overall weakest is still Energy at only 15.19%, and so using the Market Breadth signals as defined by Investors Intelligence, whose founder Abe Cohen, created the NYSE Bullish Percentage in 1955. This sector is still not of interest until it moves back above the key 30% level. But it's one to watch for, for when it does.