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

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Dow Jones US Sub Sectors - isatrader - 2013-10-27

Attached is the US Sub Sectors ordered by the weekly percentage change. To see the full list sectioned by major sector, with links through to individual stocks in each sector, go to: http://stockcharts.com/freecharts/industrysummary.html?&V=W&G=SECTOR_SPDR


UK FTSE 350 Sectors Relative Performance - isatrader - 2013-10-27

Attached is the Relative performance tables for the UK FTSE 350 Sectors.

FTSE 350 Sectors - Ordered by Overall RS Score

   

FTSE 350 Sectors - Ordered by Weekly Change

   

FTSE 350 Sectors - Ordered by Monthly Change

   


Margin Debt at Extreme Levels - isatrader - 2013-10-27

It's been a long time since I last looked at the the Free Credit less Total Margin Debt charts, which show how leveraged traders are in the market. And as you can see these are the highest levels they've been since 2000 now and so a very strong down move in the market could trigger a lot of margin calls as people are highly leveraged right now.


RE: Market Breadth Extra - JimStudent - 2013-10-28

Isatrader thanks for all your insights. I would also appreciate anyone's analysis of my comments because I am new to this and using free charts.

Footnotes on pg 76 of the book talks about calculating Stan Weinstein's survey of NYSE, he says an excellent Gallup Poll is to do this for the sectors.

I put the health of the Sectors at 75% (the percentage of stage 1 &2 sectors)


What I find most interesting is that the Utilities Sector is the most unhealthiest sector (1 in stage 2, 1 in stage 3, and 3 in stage 4). The health of the utilities sector is only 20%.

In Stan Weinstein's 1997 interview (page 446) he says, "When your start to see things getting out of gear, that is a sign of a trend reversal. The sequence usually goes in this order - fist you have the utilities go. Then usually you start to usually see the Transportations go. The A/D line should come next. Then the speculative issues should top out. The last thing to top out are usually the blue chip averages."

I assume the sectors have changed since the book was written, it seems the transportation sector that Stan Weinstein referred to is now included in the Industrial Sector. Appreciate any thoughts.


RE: Market Breadth Extra - isatrader - 2013-10-28

(2013-10-28, 06:01 AM)JimStudent Wrote: Footnotes on pg 76 of the book talks about calculating Stan Weinstein's survey of NYSE, he says an excellent Gallup Poll is to do this for the sectors.

I put the health of the Sectors at 75% (the percentage of stage 1 &2 sectors)

This is the purpose the previous post on the sector breadth, as the Percentage of Stocks above their 150 day (30 week) moving averages in each sector gives a very close approximation of what you'd get from a Stages survey like you did, as it covers around 4500 stocks in the whole US market. And as I've said previously it has a very good correlation with the stages survey.

So as you can see from the table if you average the sector percentages it came to 76.01% this week.

   

(2013-10-28, 06:01 AM)JimStudent Wrote: What I find most interesting is that the Utilities Sector is the most unhealthiest sector (1 in stage 2, 1 in stage 3, and 3 in stage 4). The health of the utilities sector is only 20%.

You seem to have a very small sample size of the Utilities sector. In my sector breadth data it covers 182 utilities stocks in the US, and although it was the weakest sector a month ago, it's been recovering strongly the last few weeks and has moved from below 35% in September to 74.18% now. See below:

   

(2013-10-28, 06:01 AM)JimStudent Wrote: In Stan Weinstein's 1997 interview (page 446) he says, "When your start to see things getting out of gear, that is a sign of a trend reversal. The sequence usually goes in this order - fist you have the utilities go. Then usually you start to usually see the Transportations go. The A/D line should come next. Then the speculative issues should top out. The last thing to top out are usually the blue chip averages."

I assume the sectors have changed since the book was written, it seems the transportation sector that Stan Weinstein referred to is now included in the Industrial Sector. Appreciate any thoughts.

The Utilities and Transports charts he was referring to I believe were the Dow Jones Utility Average ($UTIL) and the Dow Jones Transportation Average ($TRAN)

       

The Utilities average is in Stage 3 and the Transports made a Stage 2 continuation move to new highs two weeks ago.

The A/D line also just broke out to fresh new highs after consolidating for most of the summer in a Stage 3 range, so has made a Stage 2 continuation move.

   

So keep an eye on these as Stan said, as when you start to see things breaking down in these measures you'll know to be a bit more defensive in your trading.

Hope that helps.


S&P 500 Cumulative P&F Breakouts - Breakdowns - isatrader - 2013-11-02

Attached is the exclusive S&P 500 Cumulative P&F Breakouts - Breakdowns charts.

There was 47 breakouts and 17 breakdowns this week, taking the total for the month of October to 223 breakouts and 59 breakdowns.


Advance Decline Breadth Charts - isatrader - 2013-11-02

Attached is the updated 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.


New Highs New Lows - isatrader - 2013-11-02

Attached is the New Highs / New Lows charts.