RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Oil and Gas Producers
The breadth chart plots a WTI Crude ETF against a moderately arbitary pool of oil and gas producers.
1. Price has exceeded recent highs about a month back. Positive
2. Though the A/D and A/D volume lines are rising they have not made new highs, a divergence. Negative.
3 & 4. A positive burst of new highs minus new lows for the last month. Positive.
5 & 6. Weinstein & 1$ A/D are near zero, not much to take from these, neutral.
7 & 9. McClellan ossilators are above zero, but lower than the have been. Weekly positive.
8 & 10. The Summation Indicies are positive and rising. Positive.
11, 12 & 13. The % stocks over their 20, 50 and 200 day EMAs are above 70 %. Overbought teritory. Positive but could there be a pullback? They can stay in this area an extended time.
14. SCI is strongly positive, GCI is above 60% and, importantly rising.
This looks positive, but I wonder about a pullback? A number of the stocks in this area broke out in the last few weeks, so is this chart a bit late?
Effective Volume charts from effectivevolume.com of the $QQQ $SPY $IWM
Combined volume flow has moved back above the 20 day MA in the Nasdaq 100 and S&P 500 etfs. Large player volume strongest in the Nasdaq 100 since October 4th low. Small caps large player volume lagging
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.
$IWM seeing the first pickup in large player volume since mid Sept in the small caps. Small players flat.
(2021-10-20, 11:17 AM)isatrader Wrote: Effective Volume charts from effectivevolume.com of the $QQQ $SPY $IWM
Combined volume flow has moved back above the 20 day MA in the Nasdaq 100 and S&P 500 etfs. Large player volume strongest in the Nasdaq 100 since October 4th low. Small caps large player volume lagging
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 50 Day, 150 Day & 200 Day Moving Averages Combined
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
51.63% (+1.53% 1wk)
Status: Positive Environment
The cumulative line has managed to hold above its 50 day MA for 7 days so far. Which is the best it's managed since early June.
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
Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
40.20% (+0.96% 1wk)
NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
63.05% (+2.11% 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
104 Dow Jones Industry Groups sorted by Relative Strength using stockcharts SCTR score
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/freech... and clicking on the name of the group
1 week, 2 week, 4 week and 12 week RS changes
Automobiles group $DJUSAU continues to move up the RS rankings and is now up to 2nd overall due to $TSLA strength.
