$CHWY is another a really good modern example of the Stan Weinstein's Four Stages. Continuing to decline sharply in Stage 4 currently, giving back almost the entire 2020 Stage 2 advance.
Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
23.65% (-15.19% 1wk)
Status: Very Difficult Environment (Lower Zone)
Strategy: Very defensive on the long side / Cash / Shorting / Focus on Risk
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined Point and Figure Chart
Column of Os (Defense) and a double bottom breakdown into the lower zone.
P&F Status: Bear Confirmed
20 and 50 day Oscillator
These show the distance that the combined chart is from the 20 day MA and 50 day MA on the chart. Above the zero is positive environment and below is a difficult / negative environmentÂ
NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
32.32% (-20.01% 1wk)
Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
14.98% (-10.38% 1wk)
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.
104 Dow Jones Industry Groups sorted by Relative Strength
The purpose of the RS tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd.
The cumulative line made a double top. But individually the % above +1x ATR is at the extreme with only 2.33% in an ST uptrend & % below -1x ATR also at its highs.
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.
Percentage of stocks above their 20 day EMA in Nasdaq Composite, NYSE, S&P 500 and Small Caps
With all areas of the market strongly in the lower zone. The key for this short term breadth measure is to watch for moves back through the 30% level which I use as the signal for this.
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.
I hope that you've now come to appreciate the value of why I do the market breath in so much detail each week, using the Weight of Evidence approach from Stan Weinstein's method.
Knowing the trading environment (positive or difficult) and when to be defensive or aggressive is a big part of the battle imo. As each market type & Stage requires a different approach. i.e. why be fully invested during a difficult env, if you can't make progress 25% invested.
So this is why I do the market breadth each week in detail. As it is a critical part of the Stan Weinstein's method, and imo potentially the most important part of the method.
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.