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

RE: Stan Weinstein Stage Analysis and Market Breadth - pcabc - 2019-06-01

Breadth followup

Hope no one minds the repeated charts.  Some trendlines added and also the mid and small caps.

SP500, 400 and 600 (Large, Medium and Small):
           

This illustrates the mid and small caps having broke support but the the large caps are not quite there yet.  I wonder if the low could go as low as the previous one.  However, I have also drawn trendlines on the price and advance / decline and advance / declining volume.  If I have this right, which could be debatable, then in the longer term things might be positive?  But the prices are making lower highs.  This is over a six monthly period, given my charts are daily, will this hold over such a period?  Worth also showing the NASDAQ100 against its breadth, its price trendline slopes up, its A/D falls, and A/D volume is rising.
   

Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA & S&P 600 - isatrader - 2019-06-01

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: the short term breadth has moved in the lower zone below 30% of stocks above their 50 day MAs. So probabilities for a bounce is increasing as the market rubber band gets more stretched to the bear side in the short term. Also, of note is that most of the indexes are still above their 61.8% Fibonacci levels from the recent advance since the December low. So are getting to short term oversold levels in the breadth, and still on the bullish side of things in terms of depth of the pullback from the highs imo. So interesting times.

                       


And here's the end of May monthly charts too, for some broader context.

Note: Looking at the recent past on these monthly charts. I'm seeing a similar pattern to early 2012 in this years price action and the moving average breadth indicators levels so far

                       

NYSE and Nasdaq Advance Decline Charts and US New Highs New Lows - isatrader - 2019-06-01

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

               

Cumulative P&F Breakouts - Breakdowns custom Breadth charts - isatrader - 2019-06-01

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:

+110 double top breakouts
-506 double bottom breakdowns

-396 net breakouts - breakdowns

                           

RE: Stan Weinstein Stage Analysis and Market Breadth - grbaNT - 2019-06-01

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 - 2019-06-01

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

RE: Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA & S&P 600 - pcabc - 2019-06-01

(2019-06-01, 02:28 PM)isatrader Wrote: Note: Looking at the recent past on these monthly charts. I'm seeing a similar pattern to early 2012 in this years price action and the moving average breadth indicators levels so far

I presume you mean the top at the beginning of April 2012 followed by the dip and recovery?

RE: Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA & S&P 600 - isatrader - 2019-06-01

(2019-06-01, 05:26 PM)pcabc Wrote:
(2019-06-01, 02:28 PM)isatrader Wrote: Note: Looking at the recent past on these monthly charts. I'm seeing a similar pattern to early 2012 in this years price action and the moving average breadth indicators levels so far

I presume you mean the top at the beginning of April 2012 followed by the dip and recovery?

Yep, the breadth was in a similar position to now, and markets had made a new high after a sharp recovery from the 2011 Stage 4 breakdown, and then pulled back strongly for a few months after the high, before making a higher low, and going on the make an ascending 3T volatility contraction pattern to the end of the year, before moving higher in earnest. I appreciate there are many differences, I just thought it was worth noting the similarities, as the entire twitter stream I follow is extremely bearish right now. But although the weight of evidence from the various breadth indicators is bearish currently too, it's nowhere near as extreme as the sentiment out there, and remains in the Stage 1 / 3 neutral range with 51.80% above their 150 day moving average in the S&P 500 for example, and only fairly recent sell signals in the advance decline line etc. So it could go either way here still imo from my interpretation of the breadth readings.