RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
S&P500 versus the Russell 3000 constituents:
Notable points:
3. New highs minus new lows has been negative for the last week. Its not been negative, significantly since the early 2020 crash.
6. The 1% Advance / Decline, which is similar to Weinstein's Momentum indicator, but using a 200 day EMA rather than SMA, looks like it may cross below zero soon. Of course, it might not. But if things don't strengthen then that's a possibility.
13. The % stocks above their 200 day EMA is sloping down. The % above the 20 & 50 day EMAs appears to be bouncing a little, but the longer term average might be bouncing off the 50% mark, but it is not so clear.
14. The Silver Cross Index is at 50% and looks like it will cross it in the -ve direction soon.
15. The Gold Cross Index is at about 60% but is declining.