RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
US & Sectors
My S&P500 versus the Russell 3000 chart is showing a divergence between the A/D line and the S&P500. Note, as I rarely go and check my manually entered list of constituents the Rusell3000 claim is rather approximate. IT is clear that the S&P500 and the A/D line (red on the A/D plot) has diverged. However worth looking at https://www.marketinout.com/chart/market...cline-line where there are plots for the NYSE A/D line and the Russell 3000 one. My Russell 3000 plot and the one on that site look similar. But notice that the NYSE A/D line is NOT diverging.
However, my scoring system does not rely solely on the A/D line. % stocks against the 50 and 200 day EMAs have been steadily declining and we are not seeing anything exciting in new highs minus new lows.
Sectors: