RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Gold v gold miners
Gold itself seems to be in Stage 4 and appears to be looking to make a short term continuation down [1]. For the other indicators there is some positive movement in the % stocks above their 20, 50 and 200 day EMAs [11-13] and the Silver Cross Index [14]. However, I'm not convinced this is a sign of anything useful happening. If I screen for gold miners nothing very interesting shows.