RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Gold v Gold Miners
Gold looks like it is Stage 1. You could argue a recent higher high and higher low, but the 150 day MA is sloping downwards still. 1. The McClellan Oscillators, 7 & 9, are based on Advance / Decline data (and volume for 9) have moved up rapidly over the last week or two. The % mining stocks over their 20 and 50 day EMAs has increased notabily for the 20 day and less for for the 50 day. The 14 day Silver Cross index appears to be turning right now. So there is some short term strengthening at least, but overall weak.