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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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"Potential" Status Change to Positive Environment - isatrader - 2021-10-15
"Potential" Status Change to Positive Environment in the % of stocks above their 50 day, 150 day & 200 day MAs Combined with yesterdays close above its 50 day MA & reversal to a column Xs on the P&F chart.
Needs further confirmation still with follow through & holding above
Percentage of Stocks Above Their 20 Day EMAs - isatrader - 2021-10-15
Percentage of Stocks Above 20 Day EMA in the Nasdaq, NYSE, S&P 500 and S&P 600 Small Caps
Higher highs & higher lows since the Sept 20 low in % of Stocks, with all areas of market moving into the upper half of the range.
(2021-09-21, 12:55 AM)isatrader Wrote: Percentage of Stocks Above Their 20 Day EMAs in the S&P 500, Nasdaq, NYSE & S&P 600 Small Caps all moved strongly into the lower zone today.
So are in the lower risk field position. Watching for a reversal move out of the lower zone (above 30% level)
Cumulative Point & Figure Breakouts - Breakdowns - isatrader - 2021-10-15
Totals for the week:
+633 double top stock breakouts
-280 double bottom stock breakdowns
-353 net stock breakouts - stock breakdowns
Status Change: Neutral / Positive Environment - Due to the cumulative line moving back above the short term MAs
Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators
104 Dow Jones Industry Groups sorted by Relative Strength - isatrader - 2021-10-15
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
Strongest RS gainer this week was Nonferrous Metals Groups $DJUSNF which moved up 44 to 13th place overall.
Over half the group had moves of 10%+ and here's a few stocks of note from the group: $FCX, $LAC, $IPI, $UUUU, but it might be worth a deeper dive.
Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined - isatrader - 2021-10-15
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
50.09% (+6.15% 1wk)
So as I highlighted on Thursday, the status changed to Positive Environment with the move above its own 50 day MA and the reversal to a column of Xs on the P&F chart. Of which it added a further X to today. It needs to move above 52% to make a double top breakout.
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
39.24% (+3.60% 1wk)
NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
60.94% (+8.71%)
US Sectors & Major Index ETFs Relative Strength Table & Thumbnail Charts - isatrader - 2021-10-16
US Sectors & Major Index ETFs Relative Strength Table using the @stockcharts SCTR score
$XLY followed $XLE & $XLF making a new Stage 2 breakout this week & moved up to 3rd in the RS table.
$XLK & $XLRE also showed strength and moved back above the $SPY
RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2021-10-16
Crypto breadth
I've added automatic annotations to my charts to save time marking the chart up. Lets see how that goes.
1. Price, this looks like a volatility contraction pattern to me. I also note the volume increase coming out of the last low.
2. A/D and A/D volume has not diverged.
3 & 4. Nothing much to say on new highs minus new lows, neutral. I've not dug into too many of the charts, but BTC, ETH and ADA are not making new highs and the pool of cryptos is quite small. So inactivity on this plot is expected.
5 & 6. Weinstein's Momentum Indicator and the related 1% A/D are slightly posative but flattish having been higher. Not much to conclude.
6 & 8. The McClellen Ossiclators, standard and volume are positive. The McClellan Volume Summation Index looks like it will cross its zero line upward.
11, 12 & 13. The % stocks above their 20, 50 and 200 day EMAs are all positive. However, the Silver Cross Index (20 day EMA v 50 day EMA) 14 is below 50% but might cross that threshold as it has been moving up. The Gold Cross index (50 day EMA v 200 day EMA) is likely around 55% but is moving sideways for now.
The % stocks above their EMAs are the strongest bullish signs along with price. The other indicators are weaker.
RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2021-10-16
S&P500 versus Russell 3000 breadth
1. Price looks like it might be coming out of a pullback.
2. A/D and A/D Volume have not made new highs for quite a while.
3. New highs minus new lows is weakly positive and has been for a while.
7, 8, 9 & 10, the McClellan Oscillators and their Summation indices are either positive, or for the Summation Indices, moving in that direction.
11, 12 & 13, the % stocks over their 20, 50 and 200 day EMAs are positive and have been climbig in the short term.
14. The Silver Cross index has just moved positively above 50% a good sign. However, longer term the Gold Cross Index is declining.
I'd say this is weakly positive, but if the GCI and A/D and A/D volume lines move upward that would be a significantly stronger bullish indication.