[pcabc]

Here's the quick overview charts of the US Bullish Percent and Moving Average Breadth.

Note: the recent swing high has defined the top of the developing Stage 1 range, and now the market is pulling back as it digests the recent move. So, as we are in a potential developing Stage 1, the method suggests it's time to be looking for new emerging leadership groups, and adding them to your watchlist, so that you are positioned to react at the appropriate time.

My view, from plotting US sector ETFs against the Wilshire 5000 or each other is that Utilities, Consumer Staples, Energy and Materials are the strongest sectors. I've calculated breadth charts based mainly on their consituents. Usual caveats, breadth calculated from a very small pool of stocks and I have made errors previously.

       
       

I've not seen these appear in my screener as prominently as the gold miners yet.

I note that SPOG.L (oil & gas producers) seems to be coming out stage 4 and forming a base perhaps. However, I'm nervous if crude has not done the same, at the moment CRUD.L is just below its MA150d but it is flattening. Too early to say yet?