Stan Weinstein's Stage Analysis

Atilla

Legendary member
19,033 2,677
A few of the big miners making Stage 2A breakout attempts BLT.L, RIO.L, VED.L
I'm considering moving into this one which was a tip from a friend. :rolleyes:

GLENcore
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/JE00B4T3BW64JEGBXSET0.html?lang=en

Been watching it. Not sure I understand what's going on with this one as they've maintained dividends against falling earnings.

Thinking commodities on the rise due to further QE and growing bank risk in particular wrt EU.
 

isatrader

Senior member
2,928 128
I'm considering moving into this one which was a tip from a friend. :rolleyes:

GLENcore
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/JE00B4T3BW64JEGBXSET0.html?lang=en

Been watching it. Not sure I understand what's going on with this one as they've maintained dividends against falling earnings.

Thinking commodities on the rise due to further QE and growing bank risk in particular wrt EU.
It's attempting a Stage 2A breakout like many of the other stocks in the sector. Is a sector wide move in the basic materials stocks in the world, not just UK. So is nothing to do with fundamentals of the company imo. Purely technical correlation with the sector.
 

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Atilla

Legendary member
19,033 2,677
It's attempting a Stage 2A breakout like many of the other stocks in the sector. Is a sector wide move in the basic materials stocks in the world, not just UK. So is nothing to do with fundamentals of the company imo. Purely technical correlation with the sector.
Yes much like boats rising and falling with the tides.

Many thanks :)
 

isatrader

Senior member
2,928 128
Silver versus Gold

As I've highlighted in the past, Silver has a strong correlation with gold, but during the gold bull markets in the last 20 years it has outperformed gold each time, as you can see from the attached long term P&F charts of the gold/silver ratio.

As you can see from the P&F ratio charts, Silver broke out in June against Gold, which if you compare to the past is good sign for continued outperformance versus gold. So on the next decent pullback, Silver is the stronger place to get in than gold imo.
 

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isatrader

Senior member
2,928 128
Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500

Here's the quick overview charts of the NYSE, Nasdaq, S&P 500 with the US Bullish Percent and Moving Average Breadth.

Note: this week saw further Stage 2A breakouts in the Nasdaq, NYSe and the Dow Jones Industrial Average. So with the broad participation from the various indexes and strong breadth the US market is now in early Stage 2 imo.
 

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isatrader

Senior member
2,928 128
NYSE Advance Decline Charts

Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.
 

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Signalcalc

Veteren member
3,628 765
Glencore has a strong correlation with the chart of Copper, so if you 'know' where Copper is headed then you know where Glencore is headed, unfortunately one doesn't lead the other usually.
 
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isatrader

Senior member
2,928 128
Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500 & DJIA

Overview charts of the Major US Stock Indexes - NYSE, Nasdaq, S&P 500 & DJIA plus the US Bullish Percent and Moving Average Breadth.

New highs in the S&P 500, Nasdaq Composite and Dow, but the NYSE is lagging, but close to a potential continuation attempt.
 

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Kund3ra

Newbie
2 0
Weekly or Weekly AND Daily?

Hi everyone,
being a newbie on this forum, please be patient with my very basic question...
I've read the Weinstein's book and I'm going to read his interview to better understand his strategy. But I can't find a clue regarding the need to use both weekly and daily charts to operate in the markets. In the book, it seems he always refers to weekly charts, but reading this very forum (especially Isatrader's posts. of course...) it seems that we should operate with daily charts too. I've been following Elder's Triple Screen for years, but eventually I've found more suitable for me to avoid all the "noise" of daily charts and switch on the weekly (50 periods), with a small window for a yearly chart (10 periods).
Can you tell me anything about this "trade-off"? What do you think?!
Well.. actually I have a second question, just for Isatrader: in the very first page of this thread you mentioned the Weinstein stages, but divided in more sub-stages. Now, I know that the author referred to stage 2A as the initial breakout and 2B as the first pullback (or following consolidations), but what about e.g. 3A or 4B? Do they come from the author or do they come from you experience (appreciable, indeed)?
Thanks very much!
K.
 

Twala

Newbie
1 0
Hi everyone!

Primarily, congratulations for this forum.

I am a follower of S. Weinstein Method.

Only some questions, especially for Isatrader:

1.- How can I make a screener following the Weinstein's criteria on FINVIZ.COM or another web?

2.- I use Ninjatrader. Is there an indicator for this software to define the diferent stages according to Mr. Weinstein?

Sincerely,
 

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