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

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UK FTSE 350 Stocks Relative Performance - isatrader - 2014-02-02

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

To see the individual stocks in each sector go to: http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/constituents-indices.html?index=NMX&industrySector=&page=10 and use the drop down menu.

FTSE 350 Sectors - Ordered by Overall RS Score

   

FTSE 350 Sectors - Ordered by Weekly Change

   

FTSE 350 Sectors - Ordered by Monthly Change

   

RE: Market Breadth Update - tradingolives - 2014-02-03

Hi Isatrader,

I would love to learn how to read the chart that you just posted for " US Sector Breadth visual diagram showing the current state of the market"
could you please comment on what conclusions would you draw out of that chart?

US Industry Sectors Breadth - isatrader - 2014-02-03

Below is the data table for the Percent of Stocks Above 150 Day Moving Average in each sector which I've ordered by relative strength, with the highest to the lowest percentage in each sector. Also attached is the visual diagram of the 9 sectors and the NYSE Percentage of Stocks above their 150 day Moving Averages line chart.

[Image: attachment.php?aid=7232]

RE: Market Breadth Update - isatrader - 2014-02-03

(2014-02-03, 05:24 AM)tradingolives Wrote: Hi Isatrader,

I would love to learn how to read the chart that you just posted for " US Sector Breadth visual diagram showing the current state of the market"
could you please comment on what conclusions would you draw out of that chart?

Hi tradingolives, welcome to the site and thanks for your question.

The sector breadth charts that I make for the elite members is created by scanning the entire US market for all the stocks above their 150 day moving averages in each sector with a market cap of over 50million. I then do the same scan for stocks below their 150 day moving averages in each sector and create the percentages for each sector to put on the weekly charts. This covers over 4500 stocks in the NYSE and Nasdaq and so is much broader than the NYSE Percentage of Stocks above their 150 day Moving Averages chart ($NYA150R) that I post each week as it includes stocks from the Nasdaq as well, and so is around twice the sample size.

I show the data in three ways to help to interpret it. Firstly, I show the data table in order relative strength.

   

Secondly, I chart the percentages for each sector on a line chart, which you can see below.

   

Finally, I create the visual diagram which shows all the sectors in a simple 100% scale block format, of which each block equals 10%. So as you can see from the data table above, 72.87% of stocks in the Utilities sector in the US market were above their 150 day moving averages this week. And so, the Utilities block is in the 70% row. Whereas, only 45.23% of stocks in the Consumer Staples sector in the US market were above their 150 day moving averages this week, and so the the Consumer Staples block is in the 40% row.

Each block is coloured according to the direction it moved that week so that you can see if the sector has moved up or down.

What the visual diagram gives you, is a snapshot of the market health, as stocks above their 150 day moving average are in Stage 2, and stocks below their 150 day moving average are in Stage 4. Whereas basing Stage 1 and topping 3 stocks fluctuate above and below their 150 day moving averages, but the majority of Stage 1 stocks will be above their 150 day moving averages and the majority of Stage 3 stocks will be below their 150 day moving averages. So a reading of 50% or greater means that more stocks in that sector are in Stage 1 & 2, i.e. bullish, and a reading of less than 50% means that more stocks in that sector are in Stage 3 & 4, i.e. bearish.

By looking at the visual diagram you can see at a glance if the market is bullish or bearish, and by comparing it to previous weeks you can see the changes occurring. For example, this week a number of sectors continued to move lower and moved down a row, and so the majority of sectors is now in the upper middle of the scale. Which is still in the bullish half of the range, but shows short term weakness. Only one sector is below the 50% level in the bearish half, which is Consumer Staples. So my interpretation is that it shows that the overall market is still on the bull side currently, but that it's weakened significantly over the last few weeks and is flirting with turning bearish, but it isn't there yet, and so could still recover again, so a more defensive strategy would be sensible currently, as the market has the ball and is trying to score against us, so we need to protect our gains. But that's just my opinion from my interpretation and others may see it differently.

   

RE: Market Breadth Update - Lplate - 2014-02-03

(2014-02-03, 10:14 AM)isatrader Wrote: . . . For example, this week a number of sectors continued to move lower and moved down a row, and so the majority of sectors is now in the upper middle of the scale. Which is still in the bullish half of the range, but shows short term weakness. Only one sector is below the 50% level in the bearish half, which is Consumer Staples. So my interpretation is that it shows that the overall market is still on the bull side currently, but that it's weakened significantly over the last few weeks and is flirting with turning bearish, but it isn't there yet, and so could still recover again, so a more defensive strategy would be sensible currently, as the market has the ball and is trying to score against us, so we need to protect our gains. But that's just my opinion from my interpretation and others may see it differently.
. . . . and this accords with Weinstein's view in the last week or so that the US stock market is "in the ninth inning", which I take to mean make or break, last chance saloon or suchlike.

RE: Market Breadth Extra - isatrader - 2014-02-04

The Percentage of Stocks above their 50 Day Moving Averages have now all moved to Bear Confirmed status with the S&P 500, Nasdaq 100 and NYSE making continuation breakdowns today to join the Dow 30.

The Dow 30 and S&P 500 Percentage of Stocks above their 50 Day Moving Averages charts are the most oversold, and are both in the lower range of the chart. So watch for reversals back above the 30% line for a Bull Alert status change.

The Dow is at an extreme level however, which hasn't been seen since November 2012, and so is by far the most oversold the four charts.

NYSE Percentage of Stocks above their 150 and 200 day Moving Averages - status change - isatrader - 2014-02-04

The NYSE Percentage of Stocks above their 150 and 200 day Moving Averages both broke down today and so move to Bear Confirmed status. So all the moving average breadth charts I show and the Bullish Percent Index are on Bear Confirmed status now. The market has the ball...

Percentage of Stocks above their 50, 150 and 200 day Moving Averages - status change - isatrader - 2014-02-04

The NYSE Percentage of Stocks above their 50, 150 & 200 day Moving Averages all moved to Bear Confirmed status on Monday. As well as continuation breakdowns in the Percentage of Stocks above their 50 Moving Averages for the S&P 500, and Nasdaq and Dow 30. The large caps in the Dow and S&P 500 are the most oversold in the lower zone. Watch for a reversal back above the 30% level for a change in the short term status of those. But for the time being the market has the ball...

NYSE Percentage of Stocks above their 150 day Moving Averages

[Image: attachment.php?aid=7258]

I posted all the updated charts in the Market Breadth Extra thread for the Elite Members on the site. To become an Elite Member please subscribe via PayPal on the front page of the forum here: http://stageanalysis.net/forum/index.php#anchor which only costs the same as a posh cup of coffee per month and gives you access to the whole website.