RE: Stan Weinstein's Stage Analysis
(2016-05-07, 04:52 PM)kero Wrote: Now, I know that this website is more about US stocks (I am actually right about this ?), but Weinstein himself also points out the importance on watching at other international stocks to have an insight about future evolution. And this leads to conclude that the global move is quite clearly bear. The Russell 2000 also is. Nasdaq is in an intermediary situation.
The site focuses mostly on the US market, and also because I'm from the UK and around half the members are also in the UK I feature a lot of UK related stocks also.
You are correct in that a lot of the international markets are still in bear territory, especially the European markets which haven't recovered like the US. But the US markets are in early recovery from last years brief Stage 4 declines, with all the major US indexes back in very early Stage 1A imo, including the Nasdaq and Russell 2000. So if you were using the investor method with the US markets, then it is still in neutral territory currently. But the recovery back to Stage 1A territory, means that it's time to start building a watchlist of potential stocks that could lead the next Stage 2 advance, if the Stage 1 doesn't fail. As remember the indexes lag the individual stocks, and so when the market is in Stage 1, the new leaders will be breaking out or already in Stage 2. So focus on the stocks, not the indexes, and for this the "Weight of Evidence" from the market breadth is the key imo.
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.