Strong selling continued this week causing a further leg lower in the stock market Stage 4 decline with the major indexes (i.e. S&P 500, Nasdaq Composite and Russell 2000 etc) all closing below their recent base structures and are now at percentage levels off the highs that rival major bear markets of the past.

The IBD Industry Groups Bell Curve – Bullish Percent had a strong negative shift of -16.97% this week and pushed to extreme levels in the Stage 4 zone with an average distribution in the 200 Investors Business Daily (IBD) Industry Groups of 18.81%.

Custom Percentage of Stocks Above Their 50 Day, 150 Day & 200 Day Moving Averages Combined Market Breadth Charts for the Overall US Market, NYSE and Nasdaq for Market Timing and Strategy.

The purpose of the Relative Strength (RS) tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd...

Gold futures reversed back through the 200 day MA once more today and also closed above the short term 21 day EMA, and so is potentially forming a higher low, following the spring at the lower channel line in mid March...

Continuing our study of significant bear markets (Stage 4 declines). I thought it would be interesting to look at a snapshot of all the major lows on the daily charts, without what happened next, to help remove any preconceptions...

A packed schedule on todays Stage Analysis Members Midweek Video, with a brief overview of historical Stage 4 declines in the Nasdaq to start, looking at how the 15 previous significant Stage 4 declines since the early 1980s ended – capitulation or not?

The S&P 500 made a further continuation breakdown on Monday, but failed to make much more progress today as it and other markets treaded water ahead of the Fed interest rate decision on Wednesday...

As the majority of the worlds stock markets are currently experiencing an ongoing Stage 4 declining phase. I thought it would be interesting and useful to have a look back at the significant Stage 4 declines since the early 1980s – of which there have been 16 including the current Stage 4 decline...

This weeks Stage Analysis Members Video features a special on the precious metals, with Stage Analysis of Gold and Silver on multiple timeframes as well and the most interesting Gold miners and Silver miners charts...