Stan Weinstein's stage analysis divides every stock's life into four phases — basing, advancing, topping, declining — and tells you to concentrate your buying in Stage 2 and avoid the rest. The idea is simple; applying it across an entire exchange, one chart at a time, is not. The new Leaders page does it for every ASX stock, every night.

The map. Every investment theme is ranked strongest to weakest by theme relative strength, and each row shows that theme's largest members as colour-coded chips: orange and yellow for basing (1A and 1B), greens for advancing (2A and 2B), purple for a late-stage advance (2C), muted tones for topping and declining. Strong stocks in strong themes cluster at the top of the page — weakness sinks to the bottom.

How to read it. William O'Neil found that roughly half a stock's price move comes from its industry group and sector, which is why the map ranks the groups first and the stocks second. Scan the top rows for green: that's where leadership lives right now. Then scan the same rows for orange and yellow — a stock building a base inside an already-strong theme is a candidate for a watchlist spot before it moves, not after.

Click any stock. The chip opens a chart popup with the stock's full stage history shaded behind the candles, the current stage badged in the header, and your own moving-average settings applied — so you can see at a glance how the current stage fits the whole cycle, without leaving the page.

How the stages are computed. 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 — our rules-based reconstruction of the method Weinstein described around the 30-week moving average, recomputed after every trading day. Stocks without enough history for the longer averages show as unclassified rather than guessed.

The Leadership Map is part of the Pro plan — you'll find it under Leaders in the navigation bar.