Stan Weinstein Stage Analysis and Market Breadth

(This post was last modified: 11-10-2019, 11:28 AM by pcabc.)

RE: Stan Weinstein Stage Analysis and Market Breadth

US Sectors
To me the strongest sectors look ready to pull back a little.
       
       
       
       
       

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Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA & S&P 600

Here are the weekly overview charts of the NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth.

Note: these are now posted weekly on the front of the site in the blog here: https://stageanalysis.net/blog/category/market-breadth

                       

isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
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NYSE and Nasdaq Advance Decline Charts and US New Highs New Lows

Attached is the updated NYSE and Nasdaq 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.

Note: these are now posted weekly on the front of the site in the blog here: https://stageanalysis.net/blog/category/market-breadth


                                       




Attached is the updated US New Highs - New Lows Charts

               

isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
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Cumulative P&F Breakouts - Breakdowns custom Breadth charts

Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.

Note: these are now posted weekly on the front of the site in the blog here: https://stageanalysis.net/blog/category/market-breadth

Totals for the week:

+654 double top breakouts
-300 double bottom breakdowns

+354 net breakouts - breakdowns

Note: The Cumulative P&F Breakouts - Breakdowns chart made a new 52 week high this week, after spending the majority of the year in a defined sideways Stage 1 range. The breakout is still only just above the range, and so like the markets it's only a fledgling Stage 2 breakout, and may yet fall back again. So caution still seems like the most sensible strategy currently with some test buys and tight risk control imo.

                           

isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
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US Sectors - Percent of Stocks Above their 150 Day Moving Average

Below is the Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health.

Note: Sector Average is 58.24% currently and gained +0.91% since last week with Energy and Consumer Discretionary having the largest gains this week.

The biggest move this week though was in Utilities which declined a massive -16.32% since last week to take it back below the 60% level for the first time this year, after leading the percentage of stocks for the entire year. This in my opinion may be a positive sign, as people favour utilities during times of uncertainty due to their lower average volatility and high dividends, and so a rotation of money out of them as the broad market breaks out could mean that this is finally a breakout that can become a Stage 2 advance – as money moves into more higher risk sectors instead. As during a Stage 2 advance you tend to see sectors like Technology, Financials, Industrials and Consumer Discretionary leading. So I think it's positive for the weight of evidence that these sectors are finally back at the top of the table again, and the broad NYSE and Nasdaq indexes are in the upper middle range. As that means that there is plenty of potential for movement higher still.

Note: these are now posted weekly on the front of the site in the blog here: https://stageanalysis.net/blog/category/market-breadth

       

isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
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