RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
GBP versus USD - 150 day MA is now rising
If GBP versus USD is in Stage 2 then this will impact those of us buying / holding US shares from the UK. I would not the sharp drop Thursday, so it looks like it is not a dead cert stage 2, but the 50 day SMA is above the 150 day SMA and the 150 day SMA is rising.