[isatrader]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

                   

[isatrader]

With the Shipping Sector ETF (SEA) close to a possible Stage 2A breakout, and a number of shipping stocks appearing in the US watchlist since the start of the year, I thought it would be good to post some of stocks in the sector in Stage 1 or 2.

   

CPLP, DSX, GLOG, GNK, GNRT, GOGL, KEX, NMM, SALT, SB, SBLK, SFL, TK

                                                   

[isatrader]

Attached is the US Subsectors performance for the last week.

   

[isatrader]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

                   

[isatrader]

Attached is the US Subsectors performance for the last week.

This weeks top 5 sectors are:
- Gambling
- Footwear
- Health Care Providers
- Hotels
- Semiconductors

   

[isatrader]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

Note: Although still in Stage 2B the market has begun a significant pullback this week, so it will be interesting to see how this plays out and whether it's the beginning of something more serious or just a normal reaction from the recent runup. Personally I will be watching the breadth for any clues either way, but for now am being cautious.

                   

[isatrader]

Attached is the US Subsectors performance for the last week.

Note: Only two sectors were positive this week, with large declines in most sectors.

   

[isatrader]

Some long term charts for a bit of context. Stock behaviour in the mid to late 1990's during the dot com bubble had some sharp pullbacks. Here's hoping it's 1996 again.