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

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Index Comparison chart - isatrader - 2021-10-07

All four indexes back above the August and September lows with some sprint type action in the S&P 500 and Nasdaq 100

   


S&P 500, FAANG and Nasdaq - isatrader - 2021-10-07

S&P 500 back above the 21 day EMA, but moving towards resistance zone at the top of the range and 50 day MA. Phase B of the developing base (see resources thread on the forum for examples of the Wyckoff Phases)

   

Are the FAANG stocks setting up for a potential Stage 2 continuation breakout.

They've built a big cause during the Stage 3 range which projects 30-40% higher "if" it makes a new Stage 2 breakout.

   

Nasdaq Composite still in Stage 2B (which is late in the Stage 2) but has held support from the prior range so far and is still above the 30 week MA.

   

S&P 500 is also in Stage 2B and so far holding above it's 30 week MA

   


Percentage of Stocks Above 20 Day EMA in the Nasdaq, NYSE, S&P 500 & Small Caps - isatrader - 2021-10-07

Percentage of Stocks Above 20 Day EMA in the Nasdaq, NYSE, S&P 500 and S&P 600 Small Caps

Small caps continue to show the strongest near term RS. All made a higher low since the 20 Sept dip into the lower zone

               


RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2021-10-08

Just deleted a couple of posts on breadth. Upticks in data that were apparent yesterday have disappeared with updated data today. Unsure why because this should not have happened.


US New Highs - New Lows - isatrader - 2021-10-08

US New Highs - New Lows still on correction. But it is only in the typical range so far for a correction. So would be more concerning if it starts dropping below -2000 or so. But normal reaction so far.  

   


Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined - isatrader - 2021-10-09

US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

43.94% (-0.34% 1wk)

A slight decline on the week for the US Total Percentage of Stocks Above Their Key MAs, which keeps it below the still declining 50 day MA and in a column of Os on the point and figure chart. So Status remains as Difficult Environment. For this to improve to Positive we would need to see a move above the 50 day MA and a reversal to a column of Xs, which currently would need a move above 48%.

       


20 and 50 day Oscillator

These show the distance that the combined chart is from the 20 day MA and 50 day MA on the chart. Above the zero is positive environment and below is a difficult / negative environment 

       


Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

35.65% (-1.67% 1wk)

       


NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

52.23% (+0.98% 1wk)

       


104 Dow Jones Industry Groups sorted by Relative Strength - isatrader - 2021-10-09

104 Dow Jones Industry Groups sorted by Relative Strength using stockcharts SCTR score

The purpose of the RS tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd.

100 is strongest, 0 is weakest

You can find out which stocks are in each industry group by going to https://stockcharts.com/freech... and clicking on the name of the group

       


1 week, 2 week, 4 week and 12 week RS changes

               


I'll go through the groups a bit later in more detail to look for the areas of strength this week that are most interesting


Cumulative Point & Figure Breakouts - Breakdowns - isatrader - 2021-10-09

   

Totals for the week:

+500 double top stock breakouts
-527 double bottom stock breakdowns

-27 net stock breakouts - stock breakdowns

Status: Neutral / Negative Environment


Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators