11 replies to this topic

[hiker]

hi DC your blog stmnt - The mystery, to me, however, is that NYA keeps advancing but with good breadth. I can see how the price of NYA can advance because large caps are advancing.. but to have good breadth, majority of the stocks would have to participate (ie continuing to advance in price). Now these other sectors.. they're not advancing in price that I can see.. so something is amiss here. You CAN have price stay steady with increasing A-D cumulative line by having more advancing days with smaller percent than declining days with larger declining percents. I don't know if thats whats going on, but one can clearly see "there's something wrong here". do I understand you to say that NYA stocks other than large caps ...you do not have visibility they are advancing? fyi..here is a PARTIAL list of rising trenders within 3% of the 52-week high...and many of these have been sustaining price advances for a long time,,,and you can examine the market cap data shown below to see how many are or are not large cap NYA stocks. you seem to be saying you do not believe the NYA is advancing or is not likely to continue to advance because you do not have visiblity of strength within other than large caps...here is one data sampling...I have continued to improve this list over the weekend since I will be trading short or long from these names, in addition to names on the list in which I am currently positioned. btw, RTH , IYR, XLB, XLF, XLP are at or very near new highs so these sectors are certainly advancing ranked by market cap, descending order Name Symbol Last price Change Mkt cap Volume Open High Low P/E Microsoft Corporation MSFT 31.11 +0.11 (0.35%) 305.83B 75.84M 30.72 31.11 30.69 25.92 The Procter & Gamble Company PG 66.09 +0.55 (0.84%) 209.42B 9.24M 65.69 66.30 65.54 25.03 JPMorgan Chase & Co. JPM 48.76 +0.61 (1.27%) 168.79B 14.65M 48.30 48.83 48.14 12.07 Vodafone Group Plc (ADR) VOD 29.28 +0.25 (0.86%) 154.50B 1.45M 28.94 29.31 28.93 -4.17 The Coca-Cola Company KO 48.26 -0.09 (-0.19%) 113.11B 6.50M 48.41 48.43 48.07 21.61 Merck & Co., Inc. MRK 45.60 -0.14 (-0.31%) 99.00B 9.46M 45.86 46.16 45.43 19.64 Genentech, Inc. DNA 89.05 +1.52 (1.74%) 93.86B 4.70M 88.45 89.41 88.40 50.90 Goldman Sachs Group, Inc. GS 210.29 +0.96 (0.46%) 89.55B 5.34M 209.08 211.44 208.84 10.68 Deutsche Telekom AG (ADR) DT 18.97 +0.24 (1.28%) 83.41B 583,600.00 18.72 18.98 18.72 12.04 Abbott Laboratories ABT 53.52 +0.73 (1.38%) 82.15B 12.16M 53.50 53.75 53.15 25.64 AXA (ADR) AXA 43.00 +0.84 (1.99%) 80.48B 457,600.00 42.44 43.00 42.41 16.17 Telecom Italia S.p.A. (ADR) TI 31.06 +0.70 (2.31%) 78.99B 85,900.00 30.68 31.06 30.67 15.07 France Telecom (ADR) FTE 28.45 +0.20 (0.71%) 74.08B 228,200.00 28.22 28.65 28.21 10.78 Companhia Vale do Rio Doce (ADR) RIO 30.12 +0.66 (2.24%) 72.78B 7.70M 29.51 30.38 29.40 11.62 News Corporation NWS.A 23.01 +0.05 (0.22%) 72.78B 6.81M 23.05 23.23 22.89 21.11 Honda Motor Co., Ltd. (ADR) HMC 39.89 +0.59 (1.50%) 72.75B 846,200.00 39.53 40.00 39.53 13.81 The Walt Disney Company this 35.50 -0.35 (-0.98%) 72.73B 12.45M 35.93 35.97 35.48 21.65 Fomento Econo Mexicano, SAB de... FMX 118.91 +1.39 (1.18%) 70.91B 239,400.00 117.90 119.34 117.08 134.68 Deutsche Bank AG (USA) DB 136.41 +2.52 (1.88%) 67.78B 144,400.00 135.03 136.41 135.03 13.03 DaimlerChrysler AG (USA) DCX 63.46 +1.68 (2.72%) 64.61B 1.03M 62.75 63.50 62.75 13.90 McDonald's Corporation MCD 44.81 +0.22 (0.49%) 55.42B 5.12M 44.67 44.90 44.30 19.32 Target Corporation TGT 62.35 +0.84 (1.37%) 53.55B 6.00M 61.87 62.96 61.53 20.76 Bristol Myers Squibb Co. BMY 26.63 -0.04 (-0.15%) 52.37B 6.87M 26.79 27.00 26.61 23.45 E.I. du Pont de Nemours &... DD 50.84 +0.44 (0.87%) 46.76B 4.33M 50.56 50.98 50.46 19.28 MetLife, Inc. MET 61.49 +0.24 (0.39%) 46.75B 2.37M 61.25 61.59 61.00 15.74 Lehman Brothers Holdings Inc. LEH 83.15 +0.85 (1.03%) 44.07B 3.65M 82.30 83.56 82.30 12.36 Koninklijke Philips Electronics... PHG 37.92 +0.31 (0.82%) 43.90B 919,700.00 37.54 38.03 37.46 12.83 Bayer AG (ADR) BAY 56.83 +0.43 (0.76%) 43.44B 104,400.00 56.65 56.99 56.06 23.98 Prudential Financial, Inc PRU 88.56 +0.51 (0.58%) 42.45B 1.83M 88.48 88.74 87.85 16.29 Lockheed Martin Corporation LMT 97.27 +0.47 (0.49%) 41.23B 1.58M 96.97 97.75 96.29 17.81 Banco Itau Holding Financeira... ITU 36.85 +0.76 (2.11%) 40.33B 1.03M 36.22 37.02 36.22 17.58 Anheuser-Busch Companies, Inc. BUD 50.82 +0.06 (0.12%) 39.07B 2.48M 50.80 50.91 50.54 19.69 Schering-Plough Corporation SGP 24.99 +0.07 (0.28%) 37.05B 14.28M 24.90 25.03 24.82 38.94 Las Vegas Sands Corp. LVS 104.49 +3.65 (3.62%) 37.03B 5.07M 100.84 105.63 98.50 85.39 Honeywell International Inc. HON 45.29 +0.25 (0.56%) 36.98B 3.71M 45.37 45.57 45.06 18.26 Telenor ASA (ADR) TELN 61.00 +3.20 (5.54%) 34.17B 239,067.00 59.92 61.20 59.78 50.84 iShares MSCI EAFE Index Fund... EFA 73.69 +0.89 (1.22%) 34.00B 7.58M 73.12 73.78 73.09 N/A General Dynamics Corporation GD 79.53 +0.67 (0.85%) 32.18B 1.60M 79.15 80.23 78.85 17.20 Koninklijke KPN N.V. (ADR) KPN 15.26 +0.11 (0.73%) 31.91B 452,500.00 15.01 15.27 15.01 14.92 Kimberly-Clark Corporation KMB 68.91 -0.23 (-0.33%) 31.58B 1.35M 69.29 69.38 68.76 22.85 The Bank of New York Company... BK 41.02 +0.08 (0.20%) 31.01B 4.27M 41.18 41.39 40.82 10.44 Monsanto Company MON 54.31 +0.30 (0.56%) 29.52B 2.14M 54.25 54.46 53.84 43.10 AB Volvo (ADR) VOLV 69.40 +0.37 (0.54%) 28.07B 37,030.00 68.70 69.48 68.70 13.55 Sears Holdings Corporation SHLD 179.52 +1.49 (0.84%) 27.63B 1.52M 177.63 179.75 176.68 21.17 Costco Wholesale Corporation COST 56.77 -0.13 (-0.23%) 25.68B 2.82M 56.66 56.98 56.42 24.68 NIKE, Inc. NKE 99.94 +0.27 (0.27%) 25.18B 1.39M 100.00 100.19 99.48 18.93 The Bear Stearns Companies Inc. BSC 169.91 +0.68 (0.40%) 24.75B 955,200.00 169.70 170.75 169.00 11.91 The McGraw-Hill Companies, Inc. MHP 69.12 -0.32 (-0.46%) 24.48B 1.12M 69.45 69.45 68.56 29.83 Northrop Grumman Corporation NOC 70.29 +0.37 (0.53%) 24.28B 1.50M 70.17 70.43 69.98 17.44 Stryker Corporation SYK 58.95 -0.05 (-0.08%) 24.00B 1.92M 58.80 59.00 58.02 32.37 State Street Corporation STT 71.54 -0.04 (-0.06%) 23.78B 1.30M 71.83 71.92 70.96 22.08 Cadbury Schweppes plc (ADR) CSG 44.32 +0.34 (0.77%) 23.09B 688,800.00 44.30 44.43 44.22 26.66 Thermo Fisher Scientific Inc. TMO 49.05 +0.36 (0.74%) 20.00B 3.04M 48.80 49.08 48.33 40.13 Zimmer Holdings, Inc. ZMH 78.67 -0.65 (-0.82%) 18.77B 1.37M 79.48 79.48 78.00 24.88 J.C. Penney Company, Inc. JCP 82.69 -0.89 (-1.06%) 18.60B 4.54M 83.80 83.80 82.60 16.29 iShares S&P 500 Index (ETF) IVV 143.22 +0.37 (0.26%) 18.57B 1.04M 142.85 143.37 142.77 N/A Lincoln National Corporation LNC 66.35 -0.06 (-0.09%) 18.40B 887,600.00 66.71 67.00 66.35 13.12 Akzo Nobel N.V. (ADR) AKZOY 63.35 +0.32 (0.51%) 18.18B 88,902.00 63.05 63.41 62.82 15.64 Becton, Dickinson and Co. BDX 73.99 +0.11 (0.15%) 18.16B 1.16M 74.20 74.69 73.61 25.25 Weyerhaeuser Company WY 74.25 +2.24 (3.11%) 17.71B 3.78M 73.43 75.08 73.00 -66.34 Forest Laboratories, Inc. FRX 54.83 +0.30 (0.55%) 17.37B 2.68M 54.73 54.97 54.20 22.49 American Tower Corporation AMT 40.00 +0.29 (0.73%) 17.02B 2.50M 39.64 40.32 39.62 -440.67 Harrah's Entertainment, Inc. HET 83.05 +0.07 (0.08%) 15.45B 2.68M 82.98 83.12 82.81 56.48 H.J. Heinz Company HNZ 46.74 +0.09 (0.19%) 15.40B 1.38M 46.80 46.84 46.36 24.73 Kinder Morgan, Inc. KMI 106.38 +0.29 (0.27%) 14.26B 2.28M 106.10 106.52 106.10 19.88 Nordstrom, Inc. JWN 55.03 -0.50 (-0.90%) 14.14B 2.58M 54.88 55.54 54.50 23.83 The TJX Companies, Inc. TJX 30.03 +0.53 (1.80%) 13.67B 4.46M 29.83 30.07 29.19 17.54 Constellation Energy Group, Inc. CEG 71.24 +0.12 (0.17%) 12.82B 1.15M 71.05 71.50 70.87 17.52 British Airways plc (ADR) BAB 107.60 0.00 (0.00%) 12.28B 82,600.00 107.15 107.91 107.08 13.55 Air France - KLM (ADR) AKH 45.23 +0.70 (1.57%) 12.18B 50,000.00 44.54 45.64 44.54 11.44 IAC/InterActiveCorp IACI 39.07 +0.53 (1.38%) 11.47B 2.87M 38.48 39.13 38.30 44.40 Imperial Chemical Industries PLC... ICI 37.85 -0.01 (-0.03%) 11.26B 270,500.00 37.79 38.15 37.75 23.02 Shire plc (ADR) SHPGY 65.97 +0.96 (1.48%) 11.10B 1.20M 64.21 66.13 64.14 36.45 Wynn Resorts, Limited WYNN 105.62 +1.87 (1.80%) 10.72B 2.08M 104.10 106.25 102.27 17.26 Corus Group plc (ADR) CGA 21.73 +0.69 (3.28%) 10.09B 60,100.00 21.40 21.75 21.40 24.71 American Standard Companies Inc. ASD 48.22 +0.66 (1.39%) 9.61B 2.47M 47.60 48.36 47.52 20.28 Comerica Incorporated CMA 59.60 +0.13 (0.22%) 9.47B 1.01M 59.75 59.91 59.20 10.86 V.F. Corporation VFC 81.04 -0.68 (-0.83%) 9.06B 429,300.00 81.71 81.86 80.79 16.73 CBOT Holdings, Inc. BOT 171.25 +0.53 (0.31%) 9.05B 273,200.00 170.10 171.87 169.58 62.30 Cablevision Systems Corporation CVC 30.66 -0.11 (-0.36%) 8.96B 2.11M 30.25 30.80 29.78 -256.25 AMR Corporation AMR 40.66 +1.19 (3.01%) 8.72B 9.64M 39.50 40.75 38.85 41.49 Sherwin-Williams Company SHW 64.29 +0.63 (0.99%) 8.67B 885,400.00 63.66 64.62 63.46 15.82 Tata Motors Limited (ADR) TTM 21.75 -0.18 (-0.82%) 8.33B 397,200.00 21.70 21.82 21.46 25.64 Shaw Communications Inc. (USA) SJR 37.23 +0.12 (0.32%) 8.02B 64,200.00 37.09 37.35 37.00 17.81 R.R. Donnelley & Sons Company RRD 36.62 +0.15 (0.41%) 7.94B 1.14M 36.68 36.91 36.44 33.24 Hudson City Bancorp, Inc. HCBK 13.99 +0.02 (0.14%) 7.90B 1.89M 14.04 14.07 13.93 25.91 Crown Castle International Corp. CCI 36.21 +1.75 (5.08%) 7.31B 5.55M 34.60 37.32 34.60 -84.56 Coca-Cola Femsa SAB de CV KOF 39.56 +1.61 (4.24%) 7.30B 292,700.00 38.16 40.65 37.85 16.72 iShares Dow Jones Select... DVY 70.61 +0.16 (0.23%) 7.24B 389,400.00 70.42 70.69 70.30 N/A Abercrombie & Fitch Co. ANF 79.90 +0.42 (0.53%) 7.05B 2.06M 79.90 80.13 79.18 18.79 Millicom Intl Cellular SA (USA) MICC 67.65 +1.55 (2.34%) 6.80B 653,933.00 65.29 68.09 65.29 81.51 CarMax, Inc KMX 57.55 +0.45 (0.79%) 6.18B 476,100.00 56.97 57.60 56.82 29.76 SEI Investments Company SEIC 62.26 +0.43 (0.70%) 6.16B 324,682.00 61.78 62.37 61.50 28.04 Waters Corporation what 54.96 +0.01 (0.02%) 5.58B 797,600.00 54.98 55.20 54.58 27.03 Weight Watchers International... WTW 54.84 +1.15 (2.14%) 5.34B 495,300.00 54.00 54.94 53.80 26.79 Sealed Air Corp. SEE 65.70 +0.59 (0.91%) 5.30B 275,900.00 65.41 65.76 64.84 23.22 Autoliv Inc. ALV 61.71 +0.41 (0.67%) 5.02B 532,100.00 61.45 61.81 61.30 13.94 Martin Marietta Materials, Inc. MLM 110.90 +0.25 (0.23%) 5.01B 966,000.00 110.60 111.87 110.25 22.42 Family Dollar Stores, Inc FDO 32.13 +0.67 (2.13%) 4.87B 2.78M 32.50 32.74 31.94 24.72 Yanzhou Coal Mining Co. (ADR) YZC 48.33 +3.19 (7.07%) 4.75B 88,500.00 47.47 48.33 47.47 12.59 Hasbro, Inc. HAS 28.29 +0.15 (0.53%) 4.49B 1.28M 28.19 28.41 28.03 24.26 Sabre Holdings Corporation TSG 32.45 +0.05 (0.15%) 4.30B 990,000.00 32.43 32.46 32.37 32.75 Pall Corporation PLL 34.52 +0.20 (0.58%) 4.23B 1.26M 34.32 34.59 34.14 29.76 Beckman Coulter, Inc. BEC 63.71 +2.20 (3.58%) 3.97B 1.63M 61.55 63.91 61.55 27.82 SPX Corporation SPW 68.28 +1.33 (1.99%) 3.92B 588,700.00 66.93 68.68 66.81 27.22 Lan Airlines S.A. (ADR) LFL 57.99 +0.14 (0.24%) 3.70B 45,200.00 58.00 58.35 57.64 25.17 Emdeon Corporation HLTH 12.74 -0.11 (-0.86%) 3.63B 2.22M 12.90 12.92 12.70 8.38 Central European Media... CETV 83.06 +1.11 (1.35%) 3.38B 139,301.00 82.03 83.30 81.79 100.07 Homex Development Corp. (ADR) HXM 59.80 +0.45 (0.76%) 3.35B 296,300.00 59.27 60.38 58.90 27.22 Health Care REIT, Inc. HCN 45.89 +0.31 (0.68%) 3.33B 286,900.00 45.58 46.03 45.48 30.11 Regal Entertainment Group RGC 22.05 -0.01 (-0.05%) 3.32B 1.27M 22.08 22.20 21.92 37.51 Service Corporation Internationa... SCI 10.69 -0.06 (-0.56%) 3.13B 378,600.00 10.70 10.75 10.65 39.70 NBTY, Inc. NTY 46.33 +0.85 (1.87%) 3.11B 679,900.00 45.87 46.35 45.29 28.60 VeriFone Holdings, Inc. PAY 37.65 +0.02 (0.05%) 3.08B 815,100.00 37.75 37.83 37.07 43.78 Time Warner Telecom Inc. TWTC 21.45 +0.25 (1.18%) 3.05B 1.01M 21.20 21.59 21.01 -26.15 SBA Communications Corporation SBAC 29.05 +0.64 (2.25%) 3.04B 1.00M 28.30 29.10 28.22 -18.99 Phillips-Van Heusen Corporation PVH 54.70 -0.53 (-0.96%) 3.04B 662,700.00 55.36 55.36 54.46 21.21 Cabot Corporation CBT 46.49 +0.01 (0.02%) 2.98B 221,700.00 46.39 46.59 45.76 35.49 Taubman Centers, Inc. TCO 56.03 +0.89 (1.61%) 2.97B 445,400.00 55.15 56.12 54.35 48.26 Navistar International... NAV 40.96 +1.47 (3.72%) 2.87B 1.53M 39.49 41.08 38.70 10.59 iShares MSCI Pacific ex-Japan... EPP 127.55 +2.11 (1.68%) 2.41B 187,800.00 126.10 127.55 126.10 N/A General Cable Corporation BGC 44.39 +0.63 (1.44%) 2.29B 373,200.00 43.66 44.44 43.52 23.75 Financial Select Sector SPDR... XLF 36.96 +0.11 (0.30%) 2.28B 3.41M 36.90 36.99 36.82 N/A Payless ShoeSource, Inc. PSS 33.85 +0.29 (0.86%) 2.23B 899,300.00 34.20 34.20 33.18 23.60 ICOS Corporation ICOS 33.93 +0.04 (0.12%) 2.22B 1.67M 33.93 33.99 33.86 106.04 SAVVIS, Inc. SVVS 40.32 +0.05 (0.12%) 2.07B 1.34M 40.27 40.49 40.13 -2.95 Ultrapar Participacoes SA (ADR) UGP 24.43 +0.46 (1.92%) 1.98B 33,100.00 24.03 24.47 23.83 15.34 Waste Connections, Inc. WCN 42.10 +0.17 (0.41%) 1.91B 218,000.00 42.05 42.12 41.69 26.15 Health Care SPDR (ETF) XLV 34.67 +0.01 (0.03%) 1.88B 1.52M 34.71 34.79 34.62 N/A Senior Housing Properties Trust SNH 26.11 +0.46 (1.79%) 1.88B 737,700.00 25.53 26.12 25.31 31.63 SINA Corporation (USA) SINA 34.31 +0.94 (2.82%) 1.85B 861,747.00 33.30 34.32 33.10 47.00 TeleTech Holdings, Inc. TTEC 26.48 +0.49 (1.89%) 1.83B 667,981.00 25.92 26.52 25.72 46.46 NatlAustr Bk7.875%ExCaps NAU 52.24 +0.70 (1.35%) 1.83B 74,900.00 50.07 52.25 49.72 N/A Domino's Pizza, Inc. DPZ 28.70 -0.08 (-0.28%) 1.79B 508,800.00 28.78 28.78 28.51 16.50 Tempur-Pedic International Inc. TPX 21.37 +0.37 (1.76%) 1.77B 727,600.00 20.96 21.50 20.85 17.31 Silgan Holdings Inc. SLGN 46.94 +0.66 (1.43%) 1.76B 182,891.00 46.33 47.00 46.21 18.27 ITC Holdings Corp. ITC 41.66 +3.38 (8.83%) 1.76B 1.32M 40.05 41.67 39.88 46.98 China Eastern Airlines Corp... CEA 34.57 +1.23 (3.69%) 1.68B 64,100.00 34.00 34.57 33.80 -27.05 iShares Dow Jones US Real Estate... IYR 87.82 +0.77 (0.88%) 1.66B 2.00M 87.00 87.97 86.71 1.24 CF Industries Holdings, Inc. CF 29.29 +0.45 (1.56%) 1.62B 641,900.00 28.80 29.35 28.72 -47.74 Oakley, Inc. OO 22.75 +0.24 (1.07%) 1.57B 133,000.00 22.51 23.04 22.50 32.78 Delta and Pine Land Company DLP 40.73 +0.06 (0.15%) 1.49B 1.24M 40.67 40.75 40.64 75.43 W.R. Grace & Co. GRA 21.12 +0.30 (1.44%) 1.44B 717,200.00 20.83 21.33 20.69 110.47 Materials SPDR (ETF) XLB 35.77 +0.54 (1.53%) 1.37B 10.91M 35.34 35.81 35.25 N/A CKE Restaurants, Inc. CKR 19.46 +0.27 (1.41%) 1.36B 549,600.00 19.23 19.51 19.01 7.26 Equity Lifestyle Properties... ELS 56.66 +0.82 (1.47%) 1.35B 135,200.00 55.64 56.67 55.32 N/A Terra Industries Inc. TRA 14.01 +0.50 (3.70%) 1.30B 2.42M 13.53 14.03 13.46 -47.09 Masisa S.A. (ADR) MYS 11.46 +0.15 (1.33%) 1.30B 333,600.00 11.25 11.79 11.15 79.13 Consumer Staples Select Sect... XLP 26.61 +0.04 (0.15%) 1.29B 773,400.00 26.52 26.65 26.52 N/A iShares Dow Jones US Healthcare... IYH 68.83 +0.03 (0.04%) 1.27B 162,700.00 68.84 69.00 68.62 1.11 Digital Insight Corp. DGIN 38.82 +0.03 (0.08%) 1.26B 598,856.00 38.80 38.83 38.80 -258.80 Blockbuster Inc. BBI 6.60 +0.12 (1.85%) 1.26B 2.44M 6.57 6.63 6.37 23.50 Digene Corporation DIGE 52.06 +1.67 (3.31%) 1.23B 811,702.00 50.55 52.96 50.41 137.00 Vina Concha y Toro S.A. (ADR) VCO 33.99 +0.49 (1.46%) 1.22B 500.00 33.60 33.99 33.60 39.23 Celera Group, Applera Corp. CRA 15.07 +1.26 (9.12%) 1.18B 1.17M 14.20 15.23 14.18 -18.16 iShares MSCI Hong Kong Index... EWH 16.84 +0.29 (1.75%) 1.16B 2.99M 16.64 16.87 16.59 N/A InterMune, Inc. ITMN 32.94 +0.24 (0.73%) 1.12B 620,036.00 32.65 33.19 32.51 -44.51 CDC Corporation CHINA 10.01 +0.03 (0.30%) 1.10B 2.49M 9.91 10.15 9.76 83.42 Chattem Inc. CHTT 58.03 +1.27 (2.24%) 1.08B 248,113.00 56.69 58.08 56.26 26.38 99 Cents Only Stores NDN 14.76 +0.16 (1.10%) 1.03B 2.14M 15.19 15.19 14.66 44.84 Ares Capital Corporation ARCC 19.55 +0.13 (0.67%) 1.01B 363,912.00 19.44 19.71 19.31 N/A Emergency Medical Services Corp. EMS 23.86 +0.37 (1.58%) 990.50M 231,500.00 23.74 24.10 23.43 28.41 Sinclair Broadcast Group, Inc. SBGI 11.51 -0.02 (-0.17%) 986.89M 122,631.00 11.54 11.59 11.40 34.88 Seaspan Corporation SSW 25.00 +0.28 (1.13%) 971.93M 139,800.00 24.89 25.06 24.66 N/A Retail Ventures, Inc. RVI 19.58 +0.01 (0.05%) 923.94M 348,100.00 19.38 19.63 19.29 -7.61 iShares MSCI Singapore Index... EWS 11.60 +0.20 (1.75%) 921.04M 3.42M 11.49 11.61 11.36 N/A The Middleby Corporation MIDD 115.53 +4.80 (4.33%) 917.34M 75,734.00 110.31 116.18 110.24 24.69 Diana Shipping Inc. DSX 16.73 +0.23 (1.39%) 887.53M 205,300.00 16.52 16.73 16.50 21.89 Loral Space & Communications... LORL 43.00 +1.98 (4.83%) 860.00M 161,456.00 41.23 43.95 40.84 N/A The TriZetto Group, Inc. TZIX 19.86 -0.23 (-1.14%) 859.04M 764,575.00 20.02 20.04 19.65 66.20 Advanced Magnetics, Inc. AMAG 65.56 +1.53 (2.39%) 784.18M 337,712.00 63.61 65.72 63.43 -28.38 CSK Auto Corporation CAO 17.04 +0.11 (0.65%) 746.58M 66,900.00 16.93 17.08 16.81 26.92 Eaton Vance Floating-Rate Income... EFT 18.98 +0.03 (0.16%) 705.98M 153,000.00 18.98 19.01 18.90 1.00 IntraLase Corp. ILSE 24.51 -0.01 (-0.04%) 704.23M 572,945.00 24.52 24.54 24.50 48.06 John Hancock Preferred Income... HPS 22.48 +0.06 (0.27%) 702.26M 71,400.00 22.48 22.50 22.37 1.01 Vanda Pharmaceuticals Inc. VNDA 30.10 +2.81 (10.30%) 659.41M 3.85M 28.50 30.31 28.38 N/A Madeco S.A. (ADR) MAD 11.80 +0.61 (5.45%) 653.86M 38,700.00 11.50 12.00 11.50 25.32 Ennis, Inc. EBF 25.22 +0.44 (1.78%) 644.69M 97,700.00 24.68 25.42 24.60 14.96 Enbridge Energy Management... EEQ 50.12 +0.60 (1.21%) 623.52M 20,100.00 49.64 50.14 49.57 18.37 Fronteer Development Group Inc... FRG 10.00 -0.11 (-1.09%) 598.87M 715,500.00 10.09 10.15 9.80 130.42 B&G Foods, Inc. BGF 21.60 +0.35 (1.65%) 595.22M 67,800.00 21.35 21.70 21.30 -86.40 Consumer Discretionary SPDR... XLY 39.61 -0.01 (-0.03%) 550.62M 981,500.00 39.54 39.72 39.49 N/A The Gorman-Rupp Company GRC 40.49 +0.92 (2.32%) 540.98M 44,300.00 39.40 40.52 39.19 27.18 ExpressJet Holdings, Inc. XJT 9.49 +0.28 (3.04%) 514.01M 394,400.00 9.21 9.55 9.20 5.82 Akorn, Inc. AKN 6.20 +0.20 (3.33%) 502.20M 170,700.00 6.00 6.20 5.90 -36.47 Retail HOLDRS RTH 103.27 +0.40 (0.39%) 489.29M 2.39M 103.15 103.28 102.75 N/A Macquarie Global Infr Total Rtrn... 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Edited by hiker, 21 January 2007 - 01:24 AM.

[hiker]

in 7 pages of chart work, Ted Burge does a thorough summary of the current index and sector strength exhibited by price action vs. the most simple price measures such as trend above the 20 sma and above horizontal support...his first page comments about Thursday's and Friday's price action highlight this and more -

http://stockcharts.c...et?obj=ID445101

[dcengr]

I'm not saying NYA isn't advancing.. we can see by the chart that it is.. I'm also saying NYSE cumulative is advancing.. What I AM saying is that the advance seems to be, at least gain in price wise, very concentrated into few stocks. All stocks seem to be advancing, but the price gain isn't as robust as these few stocks. The purpose of the post was to compare wave 3 vs wave 5 characteristics. In wave 3, almost all stocks should participate. This was very true for period between 2003 and 2004. You couldn't find a sector that wasn't advancing. With this latest rally starting in july 2006, the strength in the advance is concentrated in a few sectors. Sure there are other stocks outside of large caps that are moving forward, but this advance doesn't compare at all between what occured between 2003 and 2004. This, to me, points out the obvious aging of this bull market. Investors are getting far more selective, avoiding risk. This usually occurs nearer to the end of a bull market, not in the middle which is what wave 3 would suggest. Again, some will point to the A-D cumulative as evidence this is wave 3. And I can't deny that A-D cumulative of NYSE is advancing. And I can't deny that NYA index is advancing. But I can point to the fact that its not advancing with the same vigor.. perhaps even lagging, such that I have to go "something is not right here".

[hiker]

hi DC... do you have data you can share that demonstrates the reasons for your conclusions drawn above - "What I AM saying is that the advance seems to be, at least gain in price wise, very concentrated into few stocks. All stocks seem to be advancing", but the price gain isn't as robust as these few stocks." is not as robust as these few stocks....it appears you have measured this in order to draw this conclusion.

Edited by hiker, 21 January 2007 - 01:13 PM.

[dcengr]

hi DC...

do you have data you can share that demonstrates the reasons for your conclusions drawn above -

"What I AM saying is that the advance seems to be, at least gain in price wise, very concentrated into few stocks. All stocks seem to be advancing", but the price gain isn't as robust as these few stocks."

is not as robust as these few stocks....it appears you have measured this in order to draw this conclusion.

I thought I was presenting that evidence via the various index snapshots I was posting. But I see Airdale's point in that these indices are constructed in such ways that perhaps of the many indices I'm showing as lagging, it might be a few stocks that are largly weighed thats dragging them down. Seems unlikely, but possible.

You can see by my post that I was showing the RUT, the MID, the SOX, the IXIC, and others lagging the performance of the Dow/Oex/S&P500. Perhaps all of those are advancing as robustly as them, and there's a few stocks in each of those indices that are dragging them down.. Would that be a more likely conclusion than assuming that Dow/Oex/S&P500 are the ones that are performing much better?

Guess this is a discussion that we can expand on, and see if we can find evidence to one side or the other.

[dcengr]

Here are two charts, that we can further discuss..

NDX:NDXE, and SPX:SPXEW.. both are their respective indices divided by an equal weighted versions. Unfortunately, the data available does not extend past the dates I have shown.

But I will see if I have time to somehow extrapolate the data going back over time to see if there's relevance to using this method to determine if anything sheds light on the age of the bull market.

http://stockcharts.com/c-sc/sc?s=$SPX:$SPXEW&p=D&yr=4&mn=0&dy=0&i=p41673603435&a=95567455&r=6745.png

http://stockcharts.com/c-sc/sc?s=$NDX:$NDXE&p=D&yr=1&mn=6&dy=0&i=p89810424917&a=95567156&r=9553.png

[hiker]

thanks, DC. interesting view of the data I am curious, on this idea you have about the "robust" price advance in NYA big caps vs. those less than $5B ....if I were to use my data sets to examine and measure what is happening within the components of the NYA...over what time period are you interested: in comparing % gain (loss) in these stocks...what time period would be of use to you in examining this question of: robust % advance big caps in NYA vs. other NYA stocks 1 mo. 3 mo. 6 mo. ? let me know and I may work on this over time. btw, the NYA is what I am more interested in than the other averages....most stocks I trade and indicators I emphasize in my overall market analysis are based on NYA

Edited by hiker, 21 January 2007 - 02:07 PM.

[dcengr]

thanks, DC.

interesting view of the data

I am curious, on this idea you have about the "robust" price advance in NYA big caps vs. those less than $5B

....if I were to use my data sets to examine and measure what is happening within the components of the NYA...over what time period are you interested:

in comparing % gain (loss) in these stocks...what time period would be of use to you in examining this question of:

robust % advance big caps in NYA vs. other NYA stocks

1 mo.
3 mo.
6 mo. ?

let me know and I may work on this over time.

btw, the NYA is what I am more interested in than the other averages....most stocks I trade and indicators I emphasize in my overall market analysis are based on NYA

I'm thinking more like 20-30 years, so we can compare several bull market cycles.. thats the only way we can map out where we are in the bull market cycle. Its quite possible in a bull market cycle such fluxuations to appear.

[mortiz]

If one examines the unweighted NYA average, whether daily or weekly (Friday over Friday closes), it is in lockstep with the weighted version. Since this current bull began, the unweighted NYA has significantly out performed its weighted cousin.

A comparison of the daily weighted versus unweighted NYA:



These two versions of the NYA were calibrated at the same value, around 5800, in early November, 2001. The unweighted NYA has been so much stronger than the weighted variant, different scales had to be constructed, the unweighted scale is on the left axis, the weighted scale on the right axis in the above chart.

The weekly unweighted NYA in the next chart is derived from comparing all of the NYSE common stock issues' Friday over Friday closes. The percentage gain or loss over the prior week's action is then calculated for each common issue and then averaged, the same method used by the old Quotron QCHA unweighted derivations. The weekly unweighted variant also achieved a new all time high last week.



The common only cumulative AD is about 350 net advances below its late December 2006 all-time high, so there is a potential divergence there. However, both the $weighted UD volume line and the traditional UD volume line for the NYA common stock components made new highs early last week, both being comfortably above their respective late December 2006 highs.

So if there has been a short term crack in the NYA components, one can point at the common cumulative AD line, and the McClellan oscillators as well. As far as the weighted versus unweighted NYA averages, no divergence there.

FWIW

Randy

[dcengr]

If one examines the unweighted NYA average, whether daily or weekly (Friday over Friday closes), it is in lockstep with the weighted version. Since this current bull began, the unweighted NYA has significantly out performed its weighted cousin.

A comparison of the daily weighted versus unweighted NYA:



These two versions of the NYA were calibrated at the same value, around 5800, in early November, 2001. The unweighted NYA has been so much stronger than the weighted variant, different scales had to be constructed, the unweighted scale is on the left axis, the weighted scale on the right axis in the above chart.

The weekly unweighted NYA in the next chart is derived from comparing all of the NYSE common stock issues' Friday over Friday closes. The percentage gain or loss over the prior week's action is then calculated for each common issue and then averaged, the same method used by the old Quotron QCHA unweighted derivations. The weekly unweighted variant also achieved a new all time high last week.



The common only cumulative AD is about 350 net advances below its late December 2006 all-time high, so there is a potential divergence there. However, both the $weighted UD volume line and the traditional UD volume line for the NYA common stock components made new highs early last week, both being comfortably above their respective late December 2006 highs.

So if there has been a short term crack in the NYA components, one can point at the common cumulative AD line, and the McClellan oscillators as well. As far as the weighted versus unweighted NYA averages, no divergence there.

FWIW

Randy

Thanks Randy.

If we took the ratio of unweighted/weighted, we should see the slope increasing. I would expect similar results for S&P500 and NDX? It would appear it was steadily increasing going into may 06, but now appears lagging a bit.

http://stockcharts.com/c-sc/sc?s=$SPXEW:$SPX&p=D&yr=2&mn=0&dy=0&i=p93955427404&a=95596643&r=8343.png

http://stockcharts.com/c-sc/sc?s=$NDXE:$NDX&p=D&yr=2&mn=0&dy=0&i=p14560196304&a=95596624&r=9764.png