See where market leadership is concentrated: every investment theme ranked strongest to weakest, with each theme's largest stocks classified by Weinstein stage.
Stan Weinstein's stage analysis divides every stock's life cycle into four phases — basing, advancing, topping and declining — read from price against a long-term moving average. Buy candidates live in Stage 2; everything else is either not ready or already breaking down. The idea is simple, but applying it across an entire exchange, one chart at a time, is not.
The leadership map does it for the whole ASX in a single view. Themes are ranked by relative strength, strongest first, and every theme's largest members appear as colour-coded chips: orange and yellow for basing, greens for advancing, purple for late-stage moves, muted tones for topping and declining. Strong stocks in strong themes cluster at the top of the page — weak ones sink to the bottom.
“37% of a stock's price movement is directly tied to the performance of the industry group the stock is in. Another 12% is due to strength in its overall sector.”
Half of a stock's move comes from its group. That's why the map ranks the groups first and the stocks second — the same top-down habit behind O'Neil's advice to buy the leading stocks in the leading groups, applied to the ASX's curated investment themes rather than coarse GICS sectors.
Each stock's stage comes from its closing price against the 50, 150 and 200-day exponential moving averages, including the direction those averages are travelling. A rising long-term average with price above it is an advance; a flat or falling one with price recovering underneath it is a base forming. Early, established and late-stage advances are separated so an extended leader reads differently from a fresh breakout.
The classification is recomputed after every trading day from the same nightly data pipeline that powers the platform's relative strength rankings, so the map always reflects the latest close.
Scan the top rows for green: strong themes full of advancing stocks are where leadership lives. Scan them again for orange and yellow: basing stocks inside already-strong themes are tomorrow's potential breakouts, worth a spot on a watchlist before they move. Every chip links straight to the stock's chart, and every theme links to its deep-dive page.
Used alongside the relative strength rankings, the VCP scanner and the theme performance tables, the map answers the question the others don't: not just which stocks are strong, but where strength is clustering.
A framework from Stan Weinstein's Secrets for Profiting in Bull and Bear Markets that classifies every stock into one of four phases based on price relative to a long-term moving average: Stage 1 (basing), Stage 2 (advancing), Stage 3 (topping) and Stage 4 (declining). Trend followers concentrate buying in Stage 2 and avoid Stages 3 and 4.
It's a faithful, rules-based reconstruction rather than a licensed copy. Weinstein described the stages narratively around a 30-week moving average; our classification makes those descriptions precise using daily exponential moving averages so it can run automatically across every ASX stock, every night.
The leadership map is part of the Pro plan, alongside the VCP Model Book, the daily scanner and the trend gauge indicators.
General information only, not financial advice —see full disclaimer.
Sign up free and explore the platform today. When you want the full toolkit, Trader and Pro are a click away — monthly billing, no lock-in, cancel anytime.
Sign Up FreeLogin