RE: Market Breadth Update
This is my interpretation of Stan's Momentum Index, i.e. the 200 day moving average of the NY advance decline line.
Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis - Page 48 |
RE: Market Breadth UpdateThis is my interpretation of Stan's Momentum Index, i.e. the 200 day moving average of the NY advance decline line. RE: Market BreadthAttached is the NYSE Bullish Percent Index and the NYSE long, medium and short term moving average breadth 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. US Industry Sectors BreadthThe sector breadth continued to fall this week, and now all 9 sectors are on a sell signal with basic materials and utilities both below the 50% level.
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. Advance Decline Breadth ChartsAttached is the updated 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.
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. New Highs New LowsAttached is the 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. Volatility Breadth ChartsAttached is the updated volatility breadth 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. S&P 500 Cumulative P&F Breakouts - BreakdownsAttached is the exclusive S&P 500 Cumulative P&F Breakouts - Breakdowns charts, which is firmly below the 20 day moving average which I use as a signal line. So it's on a sell signal currently.
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. RE: Stan Weinstein's Stage Analysis(2013-08-29, 03:55 PM)isatrader Wrote: With the US markets beginning to look like they could be moving into early Stage 3 soon, I thought it would be a good time to post Chart 7-13 from Chapter 7 of the book as a reminder, which shows the ideal short sale entry points and general pattern as a number of stocks are beginning to break down into Stage 4. That actually brings up a question I had about the overall markets being in Stage 1 or 3... The book maintains that one should mainly take long positions with the occasional short when the overall market is in Stage 2 and vice versa when the overall market is in Stage 4... but what types of positions/setups should we be looking for in transitional phases such as Stage 1 or 3? If we do move into a Stage 3, I realize that we should keep an eye on our long positions to move our stops up so that they get stopped out and we keep our profits. But what sort of setups should we be looking for in these transitional phases? And what would be the distribution (if I'm looking to have 6 positions, do I take 3 long and 3 short when in Stage 3). Apologize if this question has already been asked/answered or if it's addressed in the book and I haven't gotten to it yet (i'm about 3/4 done with the book currently). I could be over-thinking this again. I'm sure there's no concrete answer to the question but I just want to get people's feedback as to what they would be looking for when the overall US market is in Stage 3. Thanks, I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over again in my life. And that is why I succeed. - Michael Jordan |
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