RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
The S&P500 s 150 day SME is on an upward slope, and interesting sector trend lines
Could we be breaking into Stage 1 on the S&P500 and could some of the sectors be doing the same or even be near to breaking int Stage 2?
As noted in the title, the 150 day SMA [1], which looks essentially flat, actually has a slight upward slope. Of course, nothing is stopping it dropping down again, but it is stronger than it has been since the Stage 4 started in spring of this year. Of course, the more significant short term concern is that the index has rejected the trend-line and is dropping back. It will be interesting to see where the low is?
US Sectors:
In general the US sectors look stronger than the S&P500. Perhaps there is more strength in the mid caps which does not show in the S&P500, something to check? See later on in this post.
Energy, Fiancials & Health Care seem to be the most interesting.
Small-cap S&P600:
Note the 2year timescale. These small and mid cap indices seem to show more strength than the S&P500. I'm not sure it is clear on reflextion, but worth a look.
Mid-cap Dow Jones: