RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Breadth overview
Everything has weakened with the S&P500 versus the Russell 3000 showing a divergence in the advance decline line, but note, this is not the NYSE A/D line. The % shares above the 50 and 200 day EMA is generally falling and Weinstein Momentum is falling. According to my scoring system UK has weakened as has crypto.
Main indices:
US sectors:
UK sectors:
Commodities:
Miscellaneous:
A few specific charts:
S&P500 versus Russell 3000:
I note that the divergance of the A/D line and other weaking has been going on for months, yet the S&P500 has still risen.
Gold versus gold miners:
Bitcoin versus a bucket of cryptos:
Last weeks drop is barely noticable on this time frame.