Guest Post: US Industry Sectors Breadth

The following is a guest post from one of the top Stage Analysis websites on the Internet, www.stageanalysis.net.  Check out their forum with tons of valuable info on Weinstein style trading!

Below is the data table for the Percent of Stocks Above 150 Day Moving Average in each sector which I’ve ordered by relative strength, with the highest to the lowest percentage in each sector. Also attached is the visual diagram of the 9 sectors and the NYSE Percentage of Stocks above their 150 day Moving Averages line chart.

sector-breadth-table_1-8-14

As you can see the US stocks continue to deteriorate with 5 of the 9 sectors now below the 50% level, and two, along with the Nasdaq market, in bear territory below 40%. 

The average for the nine sectors is 47.56%, and so the internals are showing that the US market is a Stage 3 phase overall, but as you can see, some sectors are in worse shape and are moving into Stage 4. Whether the rest of the sectors follow them down is unknown, but the method doesn’t recommend buying during Stage 3, and so it’s a time to be more defensive, or consider shorting in the weakest areas of the market imo.

74_sector-breadth-visual_1-8-14

US_sectors-breadth_1-8-14

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Guest Post: Analysis Of Solar City

The following is a brief guest post from www.stageanalysis.net:

SCTY is in Stage 3, but a nice cup and handle pattern is developing with volatility contraction and a dip in volume in the handle to around half the average daily volume. Relative performance is also still above a rising zero line, so watch for a breakout above the recent high for a potential Stage 2 continuation move attempt.

SCTY_W_28-7-14
SCTY_D_28-7-14

Check out their website they have a nice collection of traders who apply Stage Analysis to their trading!

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