The percentage of US stocks above their 150 day moving averages in the 11 major sectors increased by +5.57% since the previous post on the 19th February 2024, moving the overall average to 60.26%, which is on the borderline of the Strong zone (60%+ range).

Stage Analysis members weekend video discussing the Significant Weekly Bars moving on volume, the US watchlist stocks in detail on multiple timeframes, the new Stage Analysis Technical Attributes (SATA) tool and how to use it, the Industry Groups Relative Strength (RS) Rankings, IBD Industry Group Bell Curve – Bullish Percent, the key Market Breadth Charts to determine the Weight of Evidence, the Crypto Coins and the Major US Stock Market Indexes.

There were 14 stocks highlighted from the US stocks watchlist scans today...

The IBD Industry Groups Bell Curve increased by +0.49% this week to finish at 51.60% overall. The amount of groups in Stage 4 (Weak) decreased by 4 (-2%), and the amount of groups in Stage 2 (Strong) decreased by 4 (-2%), while the amount groups in Stage 1 or Stage 3 (Neutral) increased by 8 (+4%).

The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +0.98% this week. Therefore, the overall combined average is at 59.30% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages...

Stage Analysis members weekend video discussing the US watchlist stocks in detail on multiple timeframes, the new Stage Analysis Technical Attributes (SATA) tool added to the site, the Significant Weekly Bars moving on volume, Industry Groups Relative Strength (RS) Rankings, IBD Industry Group Bell Curve – Bullish Percent, the key Market Breadth Charts to determine the Weight of Evidence, and the Major US Stock Market Indexes.

The IBD Industry Groups Bell Curve – Bullish Percent shows the few hundred industry groups plotted as a histogram chart and represents the percentage of stocks in each group that are on a point & figure (P&F) buy signal...

There were 22 stocks highlighted from the US stocks watchlist scans today...

The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +2.37% this week. Therefore, the overall combined average is at 58.33% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.

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...