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

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RE: Major US Stock Indexes Monthly - NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA & S&P 600 - isatrader - 2019-03-30

(2019-03-30, 05:53 PM)Leo1 Wrote: Hi, sorry if this is a stupid question but can you please briefly summarize whether the charts you posted point to the market being extended based on breadth (ie short term bearish)?

Thank you.

If you look at the short term measures on the broader major charts. i.e the NYSE and Nasdaq Composite, which make up the majority of US stocks between them. The Percentage of stocks above their 50 day Moving averages had a breadth thrust to near the top of the range, but have since pulled backed over the last month to 54% and 63% this week. So they are not short term extended anymore imo, as are now in the positive part of the mid range. So have room to manoeuvre again. But doesn't mean they couldn't still pullback further, as both remain on bearish short term signals on the P&F chart. So we need to access the entire Weight of Evidence to get a better idea.

RE: Stan Weinstein Stage Analysis and Market Breadth - pcabc - 2019-03-30

My thoughts on breadth

I've deliberately not read  grbaNT and Isa's breadth posts as I suspect the below is less useful if I am inadvertently influenced by them.  I'll read theirs afterwords and see where things lie.

My thoughts on a breadth chart based on the S&P500 / NYSE breadth data with data up to Thursday.  Unfortunately it has not got Friday's data.  Friday felt like a strong day so there may be an impact.  Also a disclaimer, I've not been having much luck, though I am working on addressing this, so this might not be the best post to read.

   

The first obvious point to me is that we may be forming a lower high (1) compared to August 2018.  However, this diverges from the higher high on the cumulative advance decline and cumulative advancing / declining volume lines, (2 & 3).  I find, on the upside, that the cummulative advancing declining volume line leads the cummulative advance / decline line, both are forming higher highs.

From one of Martin Pring's books an indicator that is discussed is the cummulative new high minus new low line and its 100 day MA as an indication of trend.  This is about to cross in the bullish direction (4).

There  just has been a golden cross of the 50 day MA against both the 150 day and 200 day MAs.  The latter two are essentially flat, however, if you get out your microscope the 150 day MA which is critical for StageAnalysis, is actually falling.  But perhaps 'flat' is more honest a description.

To me, without the price chart, everything looks bullish, but in isolation the price chart, ignoring the MA's might be in for a pullback.  Perhaps I need to sit on the fence.  Gut (emotional reaction) is that it is bullish, but perhaps this is because I want it to be, especially as I have opened a few positions that have seen a small amount of success.

Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA & S&P 600 - isatrader - 2019-03-30

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.

                       

Cumulative P&F Breakouts - Breakdowns custom Breadth charts - isatrader - 2019-03-31

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:

+231 double top breakouts
-266 double bottom breakdowns

-35 net breakouts - breakdowns

                           

NYSE and Nasdaq Advance Decline Charts and US New Highs New Lows - isatrader - 2019-03-31

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 - 2019-03-31

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 54.35% currently (Stage 1) and gained +3.70% since last week, with Industrials having the largest gains, followed by Financials and Consumer Discretionary

       

RE: Stan Weinstein Stage Analysis and Market Breadth - grbaNT - 2019-04-07

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 Stage Analysis and Market Breadth - grbaNT - 2019-04-07

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/p/market-breadth_20.html