Get Stan Weinstein’s Global Trend Alert For Free
Published March 23rd, 2007 in Technical Analysis Tags: bull and bear, global trend alert, nightly business report, soft dollar, stan weinstein, technical analyst.
Stan Weinstein is a veteran technical analyst and author. Unlike many other ‘gurus’ he only wrote one book: Secrets for Profiting in Bull and Bear Markets. He’s been badgered since its publication in the 1980’s to write more but he always counters with ‘I’ve already said everything I could have said’. Which is very true. Take one novice, mix liberally with the Weinsteinian market approach and you’ve got yourself a trader who can go long and short, identify market tops and bottoms and manage their risk intelligently.
Since he wrote his classic book, Weinstein went on to author a retail newsletter called the ‘Professional Tape Reader’. He has since discontinued it and now Weinstein dedicates his considerable expertise and experience to publish an institutional service called the ‘Global Trend Alert’ (here’s a sample from 2005 (PDF)). Only problem is that it goes for $40,000 a year!
So, what to do if you aren’t a hedge fund and can’t soft-dollar it? or if you just don’t have $40K between the couch cushions? Well, for one, start by reading his book. Everything he does in the Global Trend Alert comes directly from the analysis he outlines there. Second, tune in to the Nightly Business Report on PBS. Weinstein is a guest on the Market Monitor segment of the show. Unfortunately, the rotation of guests on that segment is so you get to hear Stan’s take on the market only a few times a year. Read the transcript of his latest appearance in November 2006. Third, start analysing the market using the same tools. And go back and compare your understanding with his previous interviews in the archives.
OK so there isn’t exactly a way for you to get the $40,000 Global Trend Alert advisory service for free… but when you internalize Weinstein’s approach, you actually will have gained much more. You’ll be able to truly understand the why and how rather than having the end-product served up to you on a silver platter.
bull and bear, global trend alert, nightly business report, soft dollar, stan weinstein, technical analyst
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66 Responses to “Get Stan Weinstein’s Global Trend Alert For Free”
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Please send Stan’s free Global Trend Alert. Thanks
Sure thing Keith! Please send the free $40,000
Stan Weinstein was on Nightly Business Report on September 14, 2007
and said that if the Dow goes where it is NOW, the market is in trouble:
“If at any point the Dow breaks down and closes - at the close below 12,800, that would turn what’s a problem market into a much bigger problem.”
Just wondering why in his book, he always uses the 30 bar moving average on the weekly chart but in his Global Trend Alert, he likes to use the 200 bar moving average on the daily chart. Thanks.
One week before my mother’s 70th birthday, Weinstein went 100% bullish on wallstrett week. on aug. 16 (mom’s birthday) the market was up a whooping 3% or over 22 points! one month before, sir john templeton went positive, saying we were entering the greatest bull market in history.
My career as a stockbroker and now fee based advisor begain May, 1981, but came of fruition in Aug. 1982. It has been a great ride.
Thank you Stan.
Please send Stan’s free Global Trend Alert. Thanks
Weinstein’s approach is indeed one of the best out there. This is one of the trading books out there I definitely recommend reading. Internalizing his ideas will make you a profitable trader.
Olivier
Re: Tim May 19th 2008
Tim, did you ever find out an answer to your 200 day MA vs 30 week MA question?
Sam - Oz
The book is great - now I can understand why and how the market moves.
30 MA vs. 200 MA same as Tims question - Any answer ?? Please Reply
Tim, I don’t know but suspect that the 150 vs. 200 daily moving average debate is meaningless. The important thing is a long term indicator of the trend which I think is what Stan tries to find. Have you tried getting in touch and asking the man himself?
Maybe one reason that Mr. Weinstein uses the 200 day moving averge is because its the moving average that is used in Investors Business Daily on all of their charts in addition to the 50 DMA. By the way Mr. Weinstein is supposed to be the guest on Nightly Business Reports tonight on November 14, 2008.
Thanks for the heads up Rick. The interview will be archived here eventually.
please send me stan’s free golbal trend alert. im a big fan since i read his book.thanks
hi,
if the offer is still open…i would really appreciate you to send me a free copy of the global trend alert
i think it is one of the few methods which is right most of the time (always in the lonfg term)
Appreciate the free Global Trend Alert. Saw Stanon NBR for the 2d time. He has finally made me a believer as the real thing. I usually dont like books with the title Secrets but Stan was a worthwhile read and embrace.
Thanks much for this web site
Please send free Global Trend Alert. Thank you.
In Stan’s book, he uses a 30 week moving average. 7 days times 30 weeks is about 210 days or roughly 200 days. So, my guess is that the 30 week moving average he talks about in his book is essentially the same thing as the 200 day moving average, give or take a week or so.
Please send me a Global Trend Alert, by Stan Weinstein if still available.Thank you.
Please send me a Global Trend Alert, by Stan Weinstein if still available.
Thank you,
Scott
No one talks about the Double Top in the Dow Jones Utility average at 550.
It is still working of that top and has a lot to go before it can finally show some
strength in that indicator.
Please send me a Global Trend Alert, by Stan Weinstein if still available.
Thanks!
I’d appreciate have an email exchange with anyone who has had success in day-trading / swing trading and is using Stan’s methodology.
Thanks,
Scott
Please send me a Global Trend Alert, by Stan Weinstein if still available.
Thanks you so much.
Please send me a Global Trend Alert, by Stan Weinstein if still available.
Thanks!
Have a nice day.
Please send me a Global Trend Alert…Weinstein fan…Thanks much
Woops…guess thats what I get for not reading the entire article. By the way, since there are only 5 trading days in a week,the 30wk ma is 150day.
Thank you for keeping this article posted.
Stan Weinstein’s book is highly recommended.
Please send a copy of Global Trend Alert, much appreciated.
CJ
Could I please get a free global trend alert. Thank you.
Please send me a Global Trend Alert
Thank you
Please send me a copy of the Global Trend Alert. I have just finished his book. Really good info.
I finished the book a while ago, its unbelievable. I look at stock trading trough a completely new perspective. Could I please get a sample of the Global Trend Alert? I am considering investing through this. Thank you.
Please send me the Global Trade Alert. I’m going to buy Stan’s book today.
Thanks.
Please send me the Global Trade Alert. I orderd a copy of Stan’s book today.
Thanks.
Cliff
Read the last patagraph…you CANNOT GET IT FREE…just read the book and internalize it and its like getting it free.
Does anyone know a website that shows the “Momentum Index” (advance/decline stocks) ? This seems like a great indicator which he explains in his book. During an interview in I believe August 2007, right before the first crash, he predicted from this chart that the market is extremely unhealthy because although the market was at all time highs at 14000, more stocks were declining rather than advancing. He nailed it.
check on this website
Please send me the Global Trade Alert. I orderd a copy of Stan’s book today.
Thanks.
Hi,
Momentum index.
http://www.stockcharts.com
enter a symbol: $NYAD and click GO
Select:
Range: 3 years
Type: invisible
Size: Landscape
Log Scale: disable
Overlays:
Horizontal line 0
Simple Mov. Avg 200
click on Update
Hi,
Sorry for repeat the above message.
These are the others Weinstein’s chapter 8 indicators.
NYSE Advance-decline line
http://www.stockcharts.com
enter a symbol: $NYAD and click GO
Select:
Range: 3 years
Type: cumulative
Size: Landscape
Log Scale: disable
click on Update
NYSE New highs - new lows
http://www.stockcharts.com
enter a symbol: $NYHL and click GO
Select:
Range: 3 years
Size: Landscape
Log Scale: disable
click on Update
World Market
http://www.stockcharts.com
enter a symbol: $DJW and click GO
Select:
Periods: Weekly
Range: 3 years
Size: Landscape
Log Scale: disable
Overlays:
Exp Mov. Avg 30
click on Update
Price / Div
This is Barron’s Market Laboratory site, for collect data:
http://online.barrons.com/public/page/9_0210-indexespeyields.html
sample:
Last Week Prev.Week Year Ago
DJ Ind Avg 8017.59 7776.18 12609.42
P/E Ratio 26.59 25.79 53.04
Earns Yield % 3.76 3.88 1.89
Earns $ 301.55 301.55 237.75
>>Divs Yield % 3.84 3.99 2.49
Rovinson, ok so basically a long term chart of the NYSE adv-decline. Not sure what your point is though. btw I like to use Nasdaq breadth numbers because it is less polluted by non-operating company securities.
I would like the Global Trend Alert….
please, send me the Global Trend Alert.
someone has already pointed this out, but the 30 weeks and 150 day chart are the same thing since there are 5 trading days in a week(30*5= 150).
Regarding the 200 vs 150 chart, they both give long term signals. Some use both and look at the change in the gap between the two as an earlier sign.
Given the brilliance and simplicity of the teaching in this book i wonder what would make people pay $40,000 for the service. Probably the same that charge very high fees for their “expertise”.
The reason it’s $40k is that he primarily deals with institutions instead of poor schlubs like ourselves.
C’mon, Stan, how ’bout a break for the little guy, the one that made this country great!
Finally, to everybody who asks to “send me the Global Trend Alert”, GET A CLUE! IT AIN”T AVAILABLE FOR FREE! The article does feature a link to an old copy of the report.
Winston….everything is in the book. Learn it, follow it and save the $40,000 and invest it after this October. The market will be choppy until then. In his “Global Trend Alert” he rates each stock in the S%P 500 based on his Stage I, II,III,IV analysis. You can do the same. Then pick the best prospects…..thank you Stan.
Ron, thanks for clarifying. I guess my dry wit zips past people’s heads.
Ron,
I intended my comment to be tongue-in-cheek, but I guess my wording was not up to the task.
BTW I have read his book and have found to be a great read. I have, however, read elsewhere that according to Hulbert’s (a service that rates various market prognosticators) his record isn’t particularly spectacular. Can anyone confirm/refute this?
There now is a triple top in the DOW JONES UTILITY indicator at the 3.81 to 3.849 . Also the number of new lows is almost non existant. This is a bearish sign. Never, since 1975 have I seen two days in a row without any new lows. The HIGH- LOW INDEX which is the percentage of highs to highs and lows is at 99%. The current bottom of this market in March, the high low index was at 99.6 four days in a row.
The number of stocks making new highs and new lows is in a strange area because the market in the middle of a trailing 12 month range that is so abnormally wide, but the studies that I have done suggest that either an enormous number of stocks making new highs or new lows is bullish. The most bearish NH or NL phenomena is when you have a lot of stocks making both new highs and new lows suggesting a trendless or confused market. Do you have a study that you can share to support the following comment?
“Also the number of new lows is almost non existent. This is a bearish sign. “
Historically, when that percentage gets under 70%, it is a sell signal.
Keep in mind, you never use one indicator for your choice to get a signal from
the market. Remember , in 2007 the high low indicator was above 90@ for almost
four months until late Febuary. In October of 2007, the best it got to, was 89@
and it quickly declined to under 30%. In my above statement, the high low
percentage in early March of 2009 was.04% for 5 days. Then the market went from
.oo4 to the present figure of 99%. In other words it cannot get much better than
that. At this point you cannot say the market will fall apart. Only that you should
get some kind of correction. At some point in the future, I believe the market
will top out and continue the bearish trend.
The percent of stocks making new 12 month highs was near zero at times during 1975, 1983 and 2003 as well
Having the number of new lows near zero is not the same as having 0 new lows.
Number of stocks making new lows. I hope my tabs transfer readable.
Since 1970, taking a 5 day moving average of the number of stocks making new lows divided by the number of issues traded
0 represents days where %NLs ranged from 0 to 0.99%, 1 represents days where %NLs ranged from 1 to 1.99% of issues traded, etc. The second column is the number of times the S&P was up 252 days later. The third column is the # of times the S&P was down 252 days later. The third column is the % of times up and the fourth column is the avg % change in the SP 252 days later
NLs/ #UP #DN %UP Avg%CH
Issues
0 3587 1065 77.1 9.1
1 1478 732 66.9 5.9
2 754 323 70.0 7.4
3 402 143 73.8 8.7
4 272 100 73.1 9.3
5 187 78 70.6 9.0
6 108 61 63.9 8.8
7 91 54 62.8 8.6
8 64 38 62.7 4.6
9 34 33 50.7 0.5
10 46 21 68.7 7.2
11 39 26 60.0 4.5
12 23 28 45.1 2.3
13 24 10 70.6 6.6
14 17 11 60.7 6.4
15 9 8 52.9 -1.3
16 14 11 56.0 1.5
17 12 6 66.7 5.5
18 8 4 66.7 10.1
19 7 3 70.0 17.6
20 7 2 77.8 17.7
21 6 5 54.5 1.9
22 9 1 90.0 15.4
23 6 2 75.0 16.5
24 1 2 33.3 -9.9
25 4 3 57.1 10.9
26 3 1 75.0 20.4
27 1 1 50.0 9.1
28 6 1 85.7 22.5
29 3 0 100.0 11.5
30 3 0 100.0 17.7
31 2 0 100.0 26.1
32 1 0 100.0 19.9
33 1 0 100.0 33.5
34 1 0 100.0 27.0
40 1 0 100.0 43.8
41 1 0 100.0 3.2
43 2 0 100.0 19.3
48 2 0 100.0 28.1
50 1 0 100.0 1.3
62 1 0 100.0 12.4
The most interesting observation is that if the number of stocks making new lows is greater than 29.0%, the market has been up 100% of the time 252 days later since 1970 supporting the concept of a selling climax.
But back to our original question, below is all the times where the 5 day moving average of number of issues making new lows was less than 0.1%, that is less than 1 in 1000. I assumed any additional signal within the next 252 days was a repeat
S&P S&P S&P
Date %NLs 63dys 126dys 252dys
701230 0.07 08.71 06.97 10.77
750127 0.08 14.41 17.67 32.25
760127 0.06 02.82 04.45 04.10
800527 0.10 12.35 24.16 20.08
821019 0.10 07.18 16.20 24.78
910417 0.10 -2.37 00.14 05.62
030605 0.09 03.82 07.53 13.37
090421 0.08 12.29 19.57 19.57
#UP - #DOWN 7- 1 8- 0 8- 0
AVG CHG IN SP 7.40 12.09 16.32
Doing a visual examination of the above occurrences, many of these 5 day periods had days where no stocks made new highs. I can not find a reason to think that no stocks making new lows is bearish and to the contrary I think it argues that the market exhibits Listerine clean breadth.
Last Parag should have read
Doing a visual examination of the above occurrences, many of these 5 day periods had days where no stocks made new lows.
(that is, made new lows not new highs)
Dear Wayne,
To be on the same plane, you must take the % of new highs to new lows and highs
for a 10 day period. To say that at 99% new highs to total highs and lows is a good
time to buy is crazy. For example, at the bottom of the market on March 6th,
the percentage of new highs to total new highs and lows for the 10 day period was
.004. Based on your impression, you would have considered that to be a perfect
sell signal.
I have read back through my comments to try to determine where I could have confused any of the readers. Does anyone besides the above reader, interpret anything that I have written on the subject of New Highs and New Lows to suggest that I would have found his percentage of 0.004% reading of New Highs to (New Highs New Lows) on March 06 to be bearish? My intention was quite the contrary. My comment was and I copy directly from my above reply that
“the studies that I have done suggest that either an enormous number of stocks making new highs or new lows is bullish”.
If only 0.04% of such stocks making either new highs or new lows were making new highs on Mar 06, then that would leave 99.6% making new highs, an enormous number, inline with my comment that such readings are bullish.
The only bearish interpretation I stated of NHs and NLs in my comments was that a large percentage of stocks making both new highs and new lows is often bearish.
Also in response to any assertions that buying the market when the majority of stock s are making new highs is crazy. I would advice buying the stock market before the majority of issues are making new highs, but the table of stats I posted above suggest that you don’t want to fade such occurrences either. For those readers interested in hard statistics, you can see from the table posted in the previous reply that when the percent of stocks making new highs over a 5 day period is in it’s extreme high range exceeding 29% of “issues traded”, the S&P has been up 100% of the time a year later (since 1970). I have the same stats using the (NHs NLs) as the divisor rather and ‘issues traded” and the result is similar. If you are looking at periods where there were only 0-2 new lows a day, it is insignificant which of the two divisors that you choose, the % is going to be in the low end (0 to 1 %) of it’s trading range.
Some tops are usually hard to call. Since I believe this is only a timeout in a bear
market, I think we have seen the top. As I pointed out a few weeks earlier,
having zero new lows can be a bearish signal. The number of highs to new highs and
lows on a ten day period was recently at 99.3%. In other words, it can’t get much
better than that. The total of new lows so far have been almost nonexistant.
I was hoping for more sideways action. The 150 moving average is still rising sharply.
In fact, that moving average is taking off the lows of the market in March.
I’m scared that this market could fall apart. I hope my fears are wrong. Technically,
it shouldn’t happen until sometime in early 2010.
You definitely want to be short the NH/NL ratio.
A 50% timeout ?
I have read many financial analyst who have tried to compare the 2008-2009
period to the 19291930 rally and major decline. There is many differences. While the
rally that took the dow to 300, the 200 average was declining near 300. Today’s rally
is far above the 200 day average and is not declining.
Even though I believe we are still in a bear market, at this time I cannot say with
any confidence, that a major decline is underway. For example, the 10 day breath
has turned negative, but the 30 day breath is still positive. Also, the ten day trin or
arms index is at 1.49. This reading is closer to being oversold and not a position to
having a major decline. Usually, this indicator would be overbought when there is
an imminent decline like 1987.
Quote from August three post above
“As I pointed out a few weeks earlier, having zero new lows can be a bearish signal. The number of highs to new highs and lows on a ten day period was recently at 99.3%. In other words, it can’t get much better than that. The total of new lows so far have been almost nonexistant.”
August, it is possible that you are correct and the market is putting in a top, but I wrote a detailed post on why the market can possibly go higher when there are no new zeros based on the 73 occurrences found since 1970, that you might want to give a perusal
http://www.tradersnarrative.com/zero-new-lows-rare-bullish-for-the-stock-market-2955.html
If you have already read it, let me try another angle on this subject and see if this makes more sense.
On October 5, 2009 (yesterday),
1. The S&P closed at 1040.46
2. Number of issues traded was 3162
3. New Highs were 189 and New Lows were 2
4. Your measure of preference NHs/(NHs NLs) would be 99% on a one day level, and if we took the time to look it up, would be similar on a 10 day level, somewhere in the 99-100% range as it has been for the last 2-3 months.
For illustration purposes, lets suppose that by May 1, 2010
1. The S&P manages to make it to 1100ish
2. The number of issues traded is still 3162ish
3. The number of New Highs has probably increased from the 175-200 daily range to something like 350 a day and New Lows are still hovering in the 0-5 range.
4. The NHs/(NHs NLs) ratio as you stated would still be 99-100%
Observation on May 1, 2010 scenario,
The ratio of New Highs to New Lows peaked at 99-100% in mid 2009, but the percentage of stocks making new highs as a percentage of “Issues Traded” continues to rise. Or said another way, although the number of stocks going to zero can not go lower than zero, the number of stocks making New Highs can continue to climb from the current level of 175ish a day to theoretically all the way to the number of issues traded (3000ish).
Also it doesn’t hurt that by mid 2010, the 2009 twelve month trailing range for stocks will be much lower than it is today with the 2008 year having dropped out of the range, thus making it much more conducive for stocks to make new “12 Month” highs.
And mathematically, even if every stock on the board made a new high on the same day sometime down the road, the market could continue to rise as the individual stocks simply continue to make repeated New Highs.
Your comment that the ratio of NHs to NHs NLs can not get higher than one can not be argued with, but it doesn’t mean that the number of NHs can not continue to increase and that the market can’t go much higher.
Good luck with your trading/investing.
Although the Dow made a new high, the S&P cash did not make a new high. I’m
still worried that you could possibly have a double top in the S&P cash at 1071.
There are still a number of positive readings left for this rally. The breath figures
made new recovery highs, and the major averages (50,150,200) are still rising.
Volume has been light and the Transportation and Utilities have been weak.
Next week, with options expiring, should give more clues to the next direction
of the market.
Keep an eye on the DOW JONES UTILITY AVERAGE. The 52 week high is 389.92
on November 4th of 2008. Today the utilities closed at 387.70. This could be a
major double top,which is very bearish. To break this pattern the utilities would
have to close at 390 or above. Remember in 2007 there was a major double top
in the 450 area. I previously had pointed to this indicator, because no one had
noticed it. At this point in time keep a close eye on this indicator.
My error. the major double top in 2007-2008 was in the 550 area.