RE: Stan Weinstein's Stage Analysis - Discussion Thread
(2013-04-01, 10:48 AM)Lplate Wrote:(2013-03-31, 03:59 PM)isatrader Wrote: Attached is the updated major equity index charts and relative performance table . . .I was looking at my FSAVC unit trust funds, which were invested in Asia, and read about the recent big rises in fund prices this last period in Japan, (Continental) Europe, and European Smaller, and the fall-off in Emerging and Commodities.
Most such mutual funds are regionally focussed, not single country. I searched the internet and, though there are some regional comparisons, e.g. http://seekingalpha.com/data/global_and_regions , for the UK investor they are either too broad or too US-oriented. Generally UK is lumped with "Europe", whereas the fund industry in UK by "Europe" means "rest of Europe" or "the Eurozone".
The only website giving a page-view is stockcharts.com and this takes only US-listed. Nevertheless, I have found what I hope are a useful list of ETFs which stockcharts.com deems to accept. I am open to suggestions of course. http://tinyurl.com/c4zcf6k
I found the display useful, and, by eye on a 1 year chart, it shows clearly that US and US smaller are still in stage 2, that Europe and Germany are in a Stage 3, on the brink of a breakdown, that UK is a little better clinging to stage 2, that Asia ex-Japan is still in stage 2, probably held up by Japan holding still strongly in stage 2, and that, as shown in isatrader's stream of country ETF breakdown list, the BRIC and emerging countries have broken down into stage 4.
For new fund investors, there are no apparent stage 2 breakouts, so the Weinstein bets seem to still be on the strong stage 2s for US and Japan.
You can do a similar view on Chartmill, but with the extra benefit of being able to change the settings and order by Mansfield Relative Strength. It only does US and European stocks, as I believe it's a French owned site, so no UK stocks or ETFs. But you can use the various US listed ETFs to see what you want to, with the charts setup in the proper Weinstein method way. Go to: http://www.chartmill.com/stockcharts.php...=&i3=&ip3=
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.