IBD Industry Groups Bell Curve – Bullish Percent

Average Distribution: 57.04% (-0.53% 1wk)

• 32 Groups (16%) are in the Stage 4 zone
• 81 Groups (40.5%) are in the Stage 1 or Stage 3 zone
• 87 Groups (43.5%) are in the Stage 2 zone

The IBD Industry Groups Bell Curve contracted for a second week, but slowed considerably with only a -0.53% decline, closing at 57.04% overall.

The amount of groups in Stage 4 was unchanged, and the amount of groups in Stage 2 decreased by -3 (-1.5%), while the amount groups in Stage 1 or Stage 3 increased by +3 (+1.5%).

So the average distribution is holding in the upper Stage 1 zone (between 40% and 60%), but remains in a borderline area just under the Stage 2 level, and hence the bell curve is still weighted towards the positive side of the spectrum currently.

To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (10 February 2023).

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 (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.