IBD Industry Groups Bell Curve – Bullish Percent
The full post is available to view by members only. For immediate access:
Average Distribution: 56.10% (+1.75% 1wk)
- 38 Groups (19.10%) are in the Stage 4 zone (Weak)
- 80 Groups (40.20%) are in the Stage 1 or Stage 3 zone (Neutral)
- 81 Groups (40.70%) are in the Stage 2 zone (Strong)
The IBD Industry Groups Bell Curve increased by +1.75% this week to finish at 56.10% overall.
The amount of groups in Stage 4 (Weak) decreased by 10 (-5%), and the amount of groups in Stage 2 (Strong) increased by 8 (+4%), while the amount groups in Stage 1 or Stage 3 (Neutral) decreased by 2 (-1%).
Therefore, the overall distribution of the bell curve continues to improve for a ninth week, and remains in the upper part of the Neutral zone (40% to 60% range).
The ratio of the amount of groups increasing in the Strong (Stage 2) zone versus decreasing in the Weak (Stage 4) zone continued to improve again this week, and there are now 2.13x as many groups in the Stage 2 zone than Stage 4 zone.
Therefore the overall distribution remains in a neutral position with the majority of groups in the middle range (Stage 1 or Stage 3), but continues to shift towards the positive side of the scales, with more groups in Stage 2 than Stage 4 as we end 2023.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (22 December 2023).
Below is the Bell Curve line chart and the data tables of the IBD groups bullish percent in order of relative strength and the position changes over the last 1, 2 and 4 weeks (Members Only)
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Join Today
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.