RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
UK breadth
I've posted four charts for the FTSE100, FTSE250, AIM100 and TechMark. The breadth data I've calculated is the same for all, so no need to discuss that for more than one. However, worth comparing the indicies as the FTSE100 loos like it is in the Stage2a pullback whereas the AIM100 and TechMark others look very toppy with the 250 being somewhere in the middle.
Key points on the breadth:
2. A/D and A/D volume are not strong, the latter possibly diverging, failing to make new highs.
3. New Highs minus New Lows is still positive but not as strong as a couple of months back.
5 & 6. Weinsein Momentum and 1% A/D positive but falling.
7 - 10. All bearish.
11 - 13. The % stocks above the 20, 50 and 200 day EMAs have all dropped, all still above 50%.
14 & 15. Silver and Gold Cross Indicies are all > 50%. Though the data appear to be a bit glitchy.
Over all this seems rather weak.