[pcabc]

Breadth, UK Personal Goods

I thought I would post this breadth chart, as it was the standout worse rating in my scoring system, and one that, with the 'DANGER, Divergance!' alert one that was raising alarm bells for a scoring system that was based on the S&P500/NYSE breadth data around the 1987 crash.  Whether it is valid here is a good question, but it is an indication that things are bearish.  But care is needed as I have only seven stocks in this sector, though I may have deleted one or two with poor data.  The UK seems to suffer from more sectors but fewer stocks which can make the smaller ones quite tiny.  Also, as this breadth is calculated my myself based on data I have available, and I'm doing this on my own, it may be a bit ad-hoc and errors are always possible.

The chart:
   

THe stocks I currently have in this sector, all LSE, are BRBY. MIL, PTD, SDRY, TED, W7L and WOGS.  My stage estimator shows mainlystocks in stage 4, none in stage 2.  Interestingly though SDRY and TED may be moving into stage 1, indeed you could argue that SDRY is.