RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Gold / Gold miners
Gold has been on a decline for a while. However, looking at the chart there may be a bit of strengthening on the breadth considering the gold miners.
1. The 150 day SMA for the gold price has flattened out and is slightly rising.
All of the Advance decline based indicators, 2, 7, 8, 9 & 10 have risen over the last week or two.
The Weinstein Momentum and 1% A/D are moving up, albeit in negative territory.
The % stocks above the 20 and 50 day EMAs has risen sharply, 11 & 12 and the % above the 200 day EMA has risen up to 30% from lower.
The Silver Cross Index, 14, gas started to move up and it looks like the Gold Cross Index, 15, may be starting to do the same.
On this basis it looks like there is some strengthening in the miners. Probally early days.