Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method
Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - Printable Version

+- Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method (https://www.stageanalysis.net/forum)
+-- Forum: Main Board (https://www.stageanalysis.net/forum/Forum-Main-Board)
+--- Forum: Stan Weinstein's Stage Analysis - Stock Charts, Technical Analysis, Learn to Trade, Stocks, ETF, NYSE, Nasdaq (https://www.stageanalysis.net/forum/Forum-Stan-Weinstein-s-Stage-Analysis-Stock-Charts-Technical-Analysis-Learn-to-Trade-Stocks-ETF-NYSE-Nasdaq)
+--- Thread: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis (/Thread-Stan-Weinstein-s-Stage-Analysis-and-Market-Breadth-Technical-Analysis)

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484

RE: Market Breadth Extra - JimStudent - 2014-02-01

Ok, as I am learning to interpret these charts, this is what I see. We know there is a correction underway but because we the percentage of stocks above the 150 day moving average is at 61.93 - there is still health in the bull trend. Things can change and maybe we are near a top but we don't know yet. What am I missing?

RE: Market Breadth Extra - isatrader - 2014-02-01

(2014-02-01, 07:35 AM)JimStudent Wrote: Ok, as I am learning to interpret these charts, this is what I see. We know there is a correction underway but because we the percentage of stocks above the 150 day moving average is at 61.93 - there is still health in the bull trend. Things can change and maybe we are near a top but we don't know yet. What am I missing?

You seem to be getting to grips with it. Remember to look at the breadth indicators as a whole, and don't only focus on one, as it's the "Weight of Evidence" approach that Weinstein recommends, and why I show a broad range of measures. So analyze what the majority is saying.

I'd agree with your analysis of the current situation, as although there's short term weakness, the medium term indicators have not yet gone into full bear mode (although this could happen quickly), and as you correctly noted the percentage of stocks above their 150 day moving average is still in the upper half of the range, although has weakened significantly over the last few weeks, so caution is advisable, as well as the long term Bullish Percent Index moving to Bear Confirmed this week, which is a sign to be more defensive, as to use an American football analogy, the market now has the ball in it's own half of the field and is trying to score against you. So you need to put your defensive team on the pitch to protect the gains you've made. Which back in the real world means being cautious, raising cash levels, focusing on quality, tightening stop losses etc. i.e. defensive strategies that will protect you in case it does turn into a bigger downturn, but will still keep you in the game if it's not and turns out to be another pullback in this long Stage 2 advance.

S&P 500 Stage Analysis - isatrader - 2014-02-01

The S&P 500 has pulled back to retest a weekly swing low for the first time in over a year and in doing so has formed the first two parts of a potential head and shoulders pattern. So I’m changing my Stage rating to Stage 2B- / 3A, as although not officially yet in Stage 3A, it’s right on the edge of moving into Stage 3A and touched the 30 week weighted MA this week. So a weekly breakdown below the recent lows would confirm the change to early Stage 3A imo.

So it's a critical time for the S&P 500 ahead, although if it does breakdown then there should be some support at the 200 day MA were institutional investors / fund managers like to buy, which lines up with the highs of the summer range which also should provide some support. But if it rebounds here then the 50 day MA is the first hurdle imo.

Major Stock Indexes Update - isatrader - 2014-02-02

Attached is the updated major equity index charts and relative performance table.

[Image: attachment.php?aid=7192]

US Stock Indexes

               

European Stock Indexes

       

Commodities Update and the Dollar Index - isatrader - 2014-02-02

Attached is the updated major commodities charts, Gold (GC), Copper (HG), West Texas Intermediate Crude (CL) and the Dollar Index (DX).

US 10 & 30 Year Treasuries - isatrader - 2014-02-02

Attached is the updated US 10 & 30 Year Treasuries charts.

Dow Jones US Sub Sectors - isatrader - 2014-02-02

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

US Industry Sectors - isatrader - 2014-02-02

Attached are the updated US Major Sector Charts and relative performance table.

[Image: attachment.php?aid=7202]