RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
US Energy
Unlike the other US sectors the Energy sector is looking strong.
There has been a recent surge in volume, we are at new highs, 1.
THe percentages of stocks above their 20, 50 and 200 day EMAs is high, around 70% in all timeframes, 11, 12 & 13. The Advancing / Decline, 2 red, has not made a new high, but the Advancing Declining Volume, 2, yellow, has. Silver Cross Index shows that 70% stocks have their 20 day EMA above their 50 day EMA.