RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
UK and UK Sector breadth
FTSE100 and FTSE250 versus my UK breadth calcs:
Some secotr charts below. Note that these probally have more errors than the US charts as I follow these less. Further, the indicies I have and sectors don't always fully align. You also need to be cautious as there are a lot of UK sectors and some of them, Forestry and Paper for example, only have a few constituents.
Fixed line telecommunications index versus telecommunications breadth, this looks like it is just entering stage 2:
Note that this illustrates the point I made previously, 'telecommunications' includes mobile providers. But I can only have available fixed and mobile communications indicies.
Other various sectors. Not the full list:
Owing to the different make up and number of sectors if it difficult to compare the UK and US. However, it looks like there is much more variation between sectors in the UK. I've generally been avoiding the UK as the overal breadth and main indicies have not been that hot. But maybe I should have been braver and picked a few good sectors? Not sure.