RE: Stan Weinstein's Stage Analysis
(2013-12-09, 12:49 AM)Tryst Wrote: Thanks for the updates, isatrader.
One thing...I have been reading the Market Health update from the following site and it shows that the sector consumer staples is doing well, but you table here is showing it quite weak to other sectors?
http://www.elliottwaveanalytics.com/2013...to-weaken/
Am I missing something?
The relative performance table that I show each week uses the Mansfield Relative Performance figure to rank the sectors, which as you know is performance of the sector versus the S&P 500s performance and relative to distance from the zero line, and a key component of Weinstein's method for measuring strength. And so by that measure you can see that even though 80% of consumer staples are above their 200 day MA and has highest percentage of stocks within 2% of a new 52-week high, the overall average percentage moves of those stocks are much smaller than the majority of other sectors and the S&P 500 itself, and hence it is under performing the majority of the rest of the market in the medium term by the Mansfield RS measure that I use for the weekly update. i.e. you would have made less money in Consumer Staples than the majority of other sectors over the last 200 days. As every sector is up, but 7 of 9 SPDR ETF sectors have done better. See attached 200 day performance charts below.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.