RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Observations on the S&P500 / Russell 3000 (approximately)
A few things I've noticed from my own breadth calcs:
1. Weinstein momentum is headed for the zero line.
2 & 3, McClellan oscillators are quite negative, not been this negative for a couple of months.
4. Number of stocks above their 50 day SME is taking a dive, but is still above 50%.
6. Number of stocks above their 200 day MA has just dipped down below 50%, basically seemed to have bounced off of this value.
I wonder if the same is true with NYSE data?