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Sector breadth

Quite a bullish change since this time last week.


US & US momentum
       

UK
   

Commodities:
For gold & silver, and there miners we are seeing an uptick in breadth.  But my danger warnings, that I have based on NYSE behaviour running up to the 1987 crash, are flashing danger.  These warnings are quite complex - but what seems to be causing the warning here is the relationship between the Weinstein momentum and various averages of it, the relationship of new highs versus new lows and a couple of its averages, percentages of stock above their 50 and 200 day SMAs.  Having been developed against the NYSE I'm not sure whether this is applicable against miners, but on the other hand it is not an indication of strength.  I'm miners improve this could reverse.  But if stocks are on the up as a whole there is less reason for gold and silver, and their miners, to strengthen.