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

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RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-01-10

Crypto breadth

Basically nearly every indicator is negative, with New Highs - New lows, 3, having been negative for a while such that the cumulative plot of these parameters has also been below its 100 day MA, 4, for a while.  Weinstein Momentum, 5, and 1% A/D, 6, have been negative for some weeks too.  There are only two bullish signs, 1, the 150 day SMA for Bitcoin is still rising, 1, and the Silver Cross Index, 14, is also rising.  Everything else is bearish.  You could argue that some indicators are oversold, but looking at history some indicators can be oversold or overbought for long periods, so I'd not take, for example, the % stocks above their 50 day EMAs, being below 30% as being particularly bullish.
   

RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-01-13

Breadth, Commodities and Gold v Gold Miners

Gold versus a basket of gold miners.  Gold, 1, seems to be in Stage 1 right now.  Breadth of the miners is rather weak overall.  Interesting that there has been a dip to a very low level in the Gold Cross Index (% stocks with the 50 day EMA above the 200 day EMA).
   

A commodity ETF versus the breadth of commodities excluding precious metals and oil & gas producers.  Short term weak, but on the longer term it has been stronger.
   

Effective Volume - SPY, QQQ, IWM - isatrader - 2022-01-13

Effective Volume update from http://effectivevolume.com/content.php?156-etf-review on the $SPY, $QQQ, $IWM

Larger player selling the IWM while small players buying. So negative divergence in the small caps. Less disparity in the large caps though, with S&P 500 having the strongest cumulative volume.

   
US New Highs - New Lows

   

Cumulative Point & Figure Breakouts - Breakdowns - isatrader - 2022-01-15

Totals for the week:

+375 double top stock breakouts
-953 double bottom stock breakdowns

-578 net breakouts - breakdowns

Status: Difficult Environment

   


Cumulative Point & Figure Breakouts - Breakdowns Distance Above / Below its 20 day MA

   


Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators

               

+1x ATR(21 day) and -1xATR(21 day) breadth charts - isatrader - 2022-01-15

+1x ATR(21 day) and -1xATR(21 day) breadth charts

% above +1x ATR(21 day) = 31.87%
% below -1xATR(21 day) = 25.93%

The stocks below their -1x ATR continues to rise, while the stocks above their +1x ATR level has drifted lower since the 4th Jan.

           

104 Dow Jones Industry Groups sorted by Relative Strength - isatrader - 2022-01-15

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/freecharts/industrysummary.html#&t=T and clicking on the name of the group

       


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

               

Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined - isatrader - 2022-01-15

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

38.84% (-0.40% 1wk)

Status: Difficult Environment. 

Strategy: Defensive i.e. small position sizes with progressive exposure on long side / cash / shorting / focus on risk

       


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 

       


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

52.33% (-0.30% 1wk)

       


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

25.36% (-0.49% 1wk)

       

US Sectors & Major Index ETFs Relative Strength Table & Thumbnail Charts - isatrader - 2022-01-15

Energy $XLE was the standout this week in the sectors with a further continuation to new highs in Stage 2.