Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method
Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - Printable Version

+- Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method (https://www.stageanalysis.net/forum)
+-- Forum: Main Board (https://www.stageanalysis.net/forum/Forum-Main-Board)
+--- Forum: Stan Weinstein's Stage Analysis - Stock Charts, Technical Analysis, Learn to Trade, Stocks, ETF, NYSE, Nasdaq (https://www.stageanalysis.net/forum/Forum-Stan-Weinstein-s-Stage-Analysis-Stock-Charts-Technical-Analysis-Learn-to-Trade-Stocks-ETF-NYSE-Nasdaq)
+--- Thread: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis (/Thread-Stan-Weinstein-s-Stage-Analysis-and-Market-Breadth-Technical-Analysis)

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484

Cumulative P&F Breakouts - Breakdowns custom Breadth charts - isatrader - 2019-02-16

Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.

Totals for the week:

+613 double top breakouts
-93 double bottom breakdowns

+520 net breakouts - breakdowns

                           

Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps - isatrader - 2019-02-16

Here's the weekly overview charts of the NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth.

Note: This week saw four of the five major indexes that I show close back above their 30 week MAs, and significantly above initial resistance zones from their previous Stage 4 breakdown levels. Combined with continued strengthening breadth, for example, the NYSE Percentage of Stocks above their 150 day MAs is now at 58.24%, and the Nasdaq Composite Percentage of Stocks above their 150 day MAs is now at 48.11%, and the Bullish Percents for them both above 50% and on bullish signals, which only happen every few years or so, as they are long term breadth measures

So this week sees a Stage rating change for the US market from Stage 4 to Stage 1A imo. Which is defined in the Global Trend Alert as Stage 1A - Start of a base. Needs much more time.

This doesn't mean we are necessarily going to see Stage 2 anytime soon in the market indexes, although a lot new leaders in individual stocks are already in Stage 2 and making new highs. But it is literally the very beginning of Stage 1. So we could see a move lower again in the major indexes, a continued move higher, or volatility in both directions for many months, or many different scenarios. Nobody knows. So don't believe them if they tell you they do.

All we can do is follow the clues from the charts and the market breadth Weight of Evidence and trade accordingly based on the risk it shows of the path of least resistance. Which at the moment is some cautious optimism imo, but I'd expect to see some volatility come back soon. So focus on the strongest stocks in the strongest sectors if looking long and weakest stocks in the weakest sectors if looking to short imo. As the early Stage 1 phase presents many opportunities both long and short, and so is a good time for shorter term traders, but is too soon for investors in most cases.

                   

Advance Decline Charts and US New Highs New Lows - isatrader - 2019-02-16

Attached is the updated NYSE and Nasdaq Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.

                                       



Attached is the updated US New Highs - New Lows Charts

               

US Sectors - Percent of Stocks Above their 150 Day Moving Average - isatrader - 2019-02-16

Below is the Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health. Also attached is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market.

Note: the overall sector average is at 53.49% currently and gained +10.52% since last week, with industrials, technology, energy and consumer discretionary having the largest gains. Utilities still has the highest percent of stocks above their 150 Day Moving Averages, but Technology continues to strengthen and has now moved back above the key 60% level, with 65.53% of technology stocks now above their 150 Day Moving Averages. So on a breadth basis alone, the tech sector is back in Stage 2 territory, although the tech sector index chart is only in Stage 1A still. But that is likely due to how the index chart is made up, as it's weighted towards bigger stocks like AAPL, which is underperforming the sector massively. But these Percent of Stocks Above their 150 Day Moving Average are all given an equal weighting, as the only thing that matters is if the stock is above the 150 day MA or not.

So for the market to get back to Stage 2 overall we need to see the Defensive sectors moving down the table and being overtaken by the Cyclical stock sectors. So in a healthy Stage 2 market Consumer Staples and Utilities would be at the bottom of the table. With Technology,Consumer Discretionary, Financials etc near the top of the list. So, we are continuing to see improvements in the Cyclical stock sectors, but the Defensive sectors are still in positions 1 and 3 in the table for now.

       

RE: Stan Weinstein's Stage Analysis - grbaNT - 2019-02-16

Attached are the updated charts of the RABWDB Indicator, Individual Phases, SP500 RABWDB, SP400 RABWDB and SP600 RABWDB.

To learn more about the indicator go to https://dg-swingtrading.blogspot.com/search/label/RABWDB

RE: Stan Weinstein's Stage Analysis - grbaNT - 2019-02-16

Attached are the updated charts of the US Stock Market Survey Indicator, Individual Stages, SP500 Survey, SP400 Survey and SP600 Survey.

If you want to read my commentary, please go to https://dg-swingtrading.blogspot.com/search/label/The%20Survey
To learn more about the indicator go to https://dg-swingtrading.blogspot.com/2018/02/stan-weinsteins-us-stock-market-survey.html

RE: Stan Weinstein's Stage Analysis - isatrader - 2019-02-17

Nasdaq 100 comparison with its equal weighted index. It is clear that the large caps in the index are masking the strength in the tech sector overall. The equal weight index QQEW is less than 2% from all time highs, whereas weighted index QQQ is still 8.7% below the highs.

   

Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps - isatrader - 2019-02-23

Here's the weekly overview charts of the NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth.