IBD Industry Groups Bell Curve – Bullish Percent
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Average Distribution: 50.03% (-1.57% 1wk)
- 60 Groups (30.15%) are in the Stage 4 zone (Weak)
- 79 Groups (39.70%) are in the Stage 1 or Stage 3 zone (Neutral)
- 60 Groups (30.15%) are in the Stage 2 zone (Strong)
The IBD Industry Groups Bell Curve decreased by -1.57% this week to finish at 50.03% overall.
The amount of groups in Stage 4 (Weak) increased by 10 (+5%), and the amount of groups in Stage 2 (Strong) decreased by 11 (-5.5%), while the amount groups in Stage 1 or Stage 3 (Neutral) increased by 1 (+0.5%).
The ratio of the amount of groups increasing in the Strong (Stage 2) zone versus decreasing in the Weak (Stage 4) zone decreased this week to 1.00, and so there are now an even amount of groups in the Stage 2 zone as are in the Stage 4 zone.
The overall average distribution has moved to a completely neutral position. Hence, it's continues to be a selective stock pickers market.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (8 March 2024).
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)
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.