RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2020-04-02, 09:26 PM)pcabc Wrote: Another batch with strong relative strength
So what themes are you seeing from all of these charts? As I'm trying to get to the potential themes that people are seeing emerging that I might not have, as it's easy to run scans. But I want people to go into more depth and find the hot sectors that might be the next leaders when the Stage 4 decline is over.
For example in October/November 2008 the precious metals bottomed around 4 months before the market did, and then metals miners had some huge moves, while the market was still declining in Stage 4. So as history likes to repeat itself, one area I'm looking at currently is the precious metals miners, as they have been showing some very strong relative strength and the GDX etf that covers the larger gold / precious metals miners has rebounded over 50% from its lows in just 3 weeks, and so has the potential to bottom earlier than stocks which haven't shown anywhere near that kind of strength.
So that is what mean by a potential theme. What I want to know is what people are seeing, and the reasoning behind it. What areas are standing out ignoring the obvious pharmaceuticals and health care stocks.
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.
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.