RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
US Energy
Price [1] is in a strong stage 2 still. Short term weakening in the McClellan Osscilator [7] and its volume equivalent [9] as well as a drop in the number of stocks above the 20 and 50 day EMAs[11 & 12]. Whilst the Gold Cross Index [15] may have dropped a little the Silver Cross Index [14] is moving up.