[pcabc]

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.

Isa, apologies.  I get rather carried away. If that is not obvious.  If it helps they perhaps could be moved or removed if it confuses the issue.  Anyway, moving on...


The most obvious theme is major biotechs pharmaceuticals and biotechnology.  That barely need stating, I would think.  However, I calculate my own breadth data, and I look at this area.  But desipte stunning moves I see not hint in the breadth for either.  This is most odd.  Similar in healthcare.
I make no claim that my calculations are perfect, but they should give some approximation.  I wonder if I am drilling down into the wrong area?  I will investigate.
   

The breadth for gold miners is improving.  A/D is still at lows. A/D volume is flattish after an increase.  I wonder if I have an upward bias in my a/d volume calculations, but I cannot track one down.  The main improvements are that new highs minus new lows are around zero having increased from the negative zone and the percentages of stocks above the 50 and 200 day EMAs are about to leave the oversold area perhaps.
   

Other than this it looks pretty bleak for all the US sectors.  

So I need to see if I have anomalies, perhaps recalculate my numbers and see if I can drill into very specific areas.