IBD Industry Groups Bell Curve – Bullish Percent

Average Distribution: 19.35% (-12.02% 1wk)

• 185 Groups (92.5%) are in the Stage 4 zone
• 15 Groups (7.5%) are in the Stage 1 or Stage 3 zone
• 0 Groups (0%) are in the Stage 2 zone

The decline in the IBD Industry Groups Bell Curve – Bullish Percent average distribution continued this week, and finished the week at an extreme of 19.35%, which is decline of -12.02%, and the second lowest reading of the year. With a massive 185 (92.5%) of the IBD industry groups in the Stage 4 range, and only 15 (7.5%) groups in Stages 1 or 3, and zero (0%) groups in the Stage 2 range.

So if you compare against the chart of the previous low in mid June – IBD Industry Groups Bell Curve – Bullish Percent (17 June 2022), it's got a very similar look in the bell curve distribution. Although, there were still 2 groups in Stage 2 at that point. So even though the reading is slightly higher. It's potentially slightly more washed out currently. 

Below is the data tables of the 200 IBD groups bullish percent in order of relative strength and the position changes over the last 1, 2 and 4 weeks.

Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.