[isatrader]

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.

100 is strongest, 0 is weakest

You can find out which stocks are in each industry group by going to https://stockcharts.com/freecharts/indus....html#&t=T and clicking on the name of the group

       


1 week, 2 week, 4 week and 12 week RS changes

               

[isatrader]

Totals for the week:

+992 double top stock breakouts
-244 double bottom stock breakdowns

+748 net breakouts - breakdowns

Status: Difficult Environment

   


Cumulative Point & Figure Breakouts - Breakdowns Distance Above / Below its 20 day MA

   


Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators

               

[pcabc]

US Energy

Unlike the other US sectors the Energy sector is looking strong.
   

There has been a recent surge in volume, we are at new highs, 1.

THe percentages of stocks above their 20, 50 and 200 day EMAs is high, around 70% in all timeframes, 11, 12 & 13. The Advancing / Decline, 2 red, has not made a new high, but the Advancing Declining Volume, 2, yellow, has.  Silver Cross Index shows that 70% stocks have their 20 day EMA above their 50 day EMA.

[isatrader]

US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

26.97% (+4.01% 1wk)

Status: Very Difficult Environment (Lower Zone)

Strategy: Very defensive on the long side / Progressive Exposure / Cash / Shorting / Focus on Risk

   


US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined Point and Figure Chart

Reversal back to a column of Xs which moved through the key 30%. So changes the P&F chart status to Bull Alert

   


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 environment 

       


NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

35.09% (+3.66% 1wk)

       


Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

18.86% (+4.35% 1wk)

       

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S&P 1500

Stocks above +1x ATR level: 145 (9.67%)
Stocks below -1x ATR level: 472 (31.47%)

Improvement in the stocks above their +1x ATR level with it reaching the 10% signal line briefly on Wednesday while the stocks below -1x ATR level has been declining.

           

[isatrader]

Effective Volume update from http://effectivevolume.com/content.php?156-etf-review on the $SPY, $QQQ, $IWM

The large player volume continues to accumulate mostly in the SPY, with a sideways move in the QQQ after a brief LP volume influx on Monday, and the IWM continues to lag near the lows.

   

[isatrader]

I highlighted earlier in the week the status change to Bull Alert in the Nasdaq as it reversed back to a column of Xs & through the key 30% level from the dip into the lower zone. NYSE also reversed to Xs & changes to Bear Correction status.

               

[isatrader]

3 of the 4 had continuation breakouts today after making a higher low following the period in the lower zone. So this short term breadth measure is on a positive signal.