RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Update on the S&P500 versus Russell 3000 breadth
I've purged some recent calculations and refreshed them, as the disruption of switching the machine off & market holidays sometimes affects things. Plus there are a couple more days data since my last post.
2. Advance / Decline is lagging a little, has not made a new high, unlike the price, 1. The Advancing / Declining Volume line, however, is making new highs.
The Weinstein Momentum 5, and 1% A/D line, 6, definitely have both bounced off their zero lines, upwards. The various McClellan indicators, 7-10 are positive.
While the % stocks above the 50 and 200 day EMAs are both moving upwards, 12 & 13, the % above the 20 day EMA has suddenly dropped after being rather high, 11.
The Silver Cross Index, 14, is moving upwards through 50%. However, while the Gold Cross Index, 15, is above 50% and has crossed above its 20 day EMA, is is overal heading downwards unless this trend turns.