RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Looking at last night's data I've had similar warnings about deteriorating breadth from MSCI Europe versus XETRA and the UK construction and materials sector. A bit of a mixed bag though as breadth on the NASDAQ 100 and its breadth (on the top 100 companies, so limited) is positive, as is silver, US Tech sector, UK Equity investment instruments and UK Electronic and Electrical Engineers. Caution needed with that last one owing to it being based on very few companies.
A bit of a mixed picture here then. Not supposed to be a balanced overview, but showing the best and worst.
Edit: On further inspection I think that a number of indicators are so near zero lines, specific levels etc that they could easily flip multiple ways. Still, always uefull to look at the charts.