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Traders Workshop

Leadership Stocks Go Negative

Stock-Markets / US Stock Markets Jun 11, 2008 - 10:26 AM GMT

By: Marty_Chenard

Stock-Markets

Every night, we crank our computers up as they look at every stock trading $2 or higher on every exchange.

We get a count of the Very Strong Leadership stocks and a count of the Very Weak Stocks in the Broad Market. From this data, we subtract the number of Very Weak Stocks from the number of Leadership stocks.


The result shows if Leadership stocks are growing faster than the broad market (a rally condition), or if Leadership stocks are falling relative to the broad market (a negative condition).  (In market corrections, the Strong to Weak number goes Negative indicating that Weak Stocks have outnumbered the number of Strong Stocks.)

On Friday, June 6th., the Very Strong Leadership stocks went Negative. (They were outnumbered by the number of Very Weak stocks.). Friday's negative down move on this ratio was a negative for the markets. (More extensive charts on this are found on our paid subscriber sites, including whether or not Institutions are in Distribution or Accumulation now.  Institutions typically move to Distribution BEFORE the Very Strong Leaders move to a negative condition. - This chart and study will not be posted again for a month on this Free site.)

By Marty Chenard
http://www.stocktiming.com/

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools.  As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL.  He is an advanced technical analyst and not an investment advisor, nor a securities broker.

Marty Chenard Archive

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