RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
S&P500 versus Russell 3000 breadth
1. Price looks like it might be coming out of a pullback.
2. A/D and A/D Volume have not made new highs for quite a while.
3. New highs minus new lows is weakly positive and has been for a while.
7, 8, 9 & 10, the McClellan Oscillators and their Summation indices are either positive, or for the Summation Indices, moving in that direction.
11, 12 & 13, the % stocks over their 20, 50 and 200 day EMAs are positive and have been climbig in the short term.
14. The Silver Cross index has just moved positively above 50% a good sign. However, longer term the Gold Cross Index is declining.
I'd say this is weakly positive, but if the GCI and A/D and A/D volume lines move upward that would be a significantly stronger bullish indication.