RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
US Sectors:
My breadth charts for the US sectors. Note, there may be a glitch in the % stocks above their MA and Silver and Gold Cross Indices (SCI & GCI).
Consumer staples
Still in Stage 2. Breadth strong.
Communications services
Stage 4. Weinstein Momentum [5] and !% A/D [6] match this, GCI [16] hints that there may be come strengthening, but that is not matched by other indicators.
Consumer discretionary
Stage 4. Breadth supports this.
Energy
Strong Stage 2, which is generally matched by the breadth. The % stocks above their MAs [11, 12 & 13] and SCI and GCI, ignoring a potential glitch, are sloping down however, for the last week or two.
Financials
Looks like the start of Stage 4. Lower highs and lower lops, MA flat.
Healthcare
Stage 3? Recent high [1] is barely higher than the last. Wei9nstein Momentum [5] and SCI & GCI [15] have been falling for a while.
Industrials
Stage 3. PRice and MA almost flat [4]. Weinstein and 1% A/D [5 & 6] have been falling and are crossing zero lines. GCI is falling and has crossed 50% [15].
Materials
Stage 3, but is it looking for a breakout [1]? Weinstein [5] and 1% A/D [6] rising through / above zero line. GI has recently risen [15]. New highs - new lows [3] has been positive for last 6 weeks approx.
Real Estate
Stage 3, forming a head and shoulders top perhaps [1]? Weinstein Momentum [5], 1% A/D [6] and GCI [15] falling.
Technology
Stage 4. Weinstein Momentum [5], 1% A/D [6] and GCI [15] falling and below zero. New highs - new lows below zero [3].
Utilities
Stage 2, but is this a positive movement or a blow out top? Breath fairly neutral, Weinstein Momentum just around zero having been higher previously [5].