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RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-06-12

US Energy

Price [1] is in a strong stage 2 still.  Short term weakening in the McClellan Osscilator [7] and its volume equivalent [9] as well as a drop in the number of stocks above the 20 and 50 day EMAs[11 & 12].  Whilst the Gold Cross Index [15] may have dropped a little the Silver Cross Index [14] is moving up.
   

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RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-06-19

Crypto

Looking at the % stocks above their 200 day EMAs [13] and the Golden Cross Index [15] and that the faster Silver Cross Index [14] is pegged at or near zero then there is no signs of any strengthening at all.
   

RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-06-19

S&P500 versus Russell 3000

% stocks above their MAs, Silver and Giold Cross Indicies are all headed, or have headed, down [11-15].  New lows still dominate [3].  Also downward slope of 50 and 150 day SMAs [1] are accelerating.  I wonder if we are heading for a crash as in 2008 where markets were at Stage 4 for quite a while before the big downward moves?

   

RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-06-25

A few breadth overviews

Major indices:
All weak apart, for some reason Shanghi?  But some very short term strength in nearly all.
   

US Sectors:
There has been some very short term strength in all.  ON the longer time frame Energy and less so Consumer Staples were strong but are weakening.
   

Commodities:
Precious metals against their miners is generally weak.  I'll have to post a breadth chart for silver though.  Crude against Oil and Gas producers is similar to the US Energy sector, as would be expected.  Bitcoin verus crypto breadth is weak.  The mid and long term scores risking indicate strengthening, but its not so obvious in the charts which I'll have to plot later.
(yes, crypto is not a commodity - but I had to group it somewhere and felt it did not live with equities, however, now it appears to be a risk on asset then perhaps grouping it with equities is appropriate?)
   

RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-06-25

Major Pharma

While the index [1] I've been using where is in Stage 2, and looks like it might be topping the breadth has been looking like Stage 4 for a while.  However, my aggregate long term score [B, grey] has, after a dip, risen to a positive level.  Looking at this more, the % stocks above the 20, 50 and 200 day EMAs [11, 12 & 13] and the Silver Cross index [14] are rising.  Looking at the stocks this was calculated from, with a few exceptions it looked like a number were moving into Stage 1.  So this might be an area to keep an eye on.

   

RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-06-25

Silver v silver miners

Silvers price [1] is in a long term Stage 4.  The breadth all looks negative except  that there is a slight upward trend on the Weinstein Momentum [5], the McClellan Volume Oscillator having been weakly positive and the related Summation index being in an uptrend.  Overall silver plus its miners are weak.
   

RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - pcabc - 2022-06-25

US Consumer Staples and Energy


Consumer staples, index in Stage 4 [1], Silver [14] and Gold [15] Cross Indicies have taken a dive as have the % stocks abouver their MAs [11-13].

Energy, sharp pullback [1] just a lower low, but would want to see more to call it a breakdown.  % stocks above their EMAs and the Silver Cross Index [11-14] have all dipped.  The rest is relatively bullish.