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...

With the continued near-term correction in the major US stock market indexes, I thought it would be useful to do a broad review and Stage Analysis of some of the major charts in order to help to determine the current state of the market, beginning with the precious metals...

The Software group remains one of the leading industry groups year to date and has been consolidating / building a base structure in Stage 2 over the last quarter since the previous review as the broader market has also corrected. So with earnings approaching for the majority of the Software group in the coming weeks, it's an ideal time to do review the group again and how its current RS leaders are acting.

There were 32 stocks highlighted from the US stocks watchlist scans today...

The Stage Analysis Technical Attributes (SATA) score is our proprietary indicator that helps to identify the four stages from Stan Weinstein's Stage Analysis method, using a scoring system from 0 to 10 that rates ten of the key technical characteristics that we look for when analysing the weekly charts.

This weekends video begins with analysis of the TSLA and NFLX ahead of their earnings results this week, followed by the Major Indexes Update, Futures SATA Charts, Industry Groups RS Rankings, IBD Industry Group Bell Curve – Bullish Percent, Market Breadth Update to determine the Weight of Evidence, Stage 2 breakouts, and finishing with analysis of the recent watchlist stocks in detail on multiple timeframes.

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 25 stocks highlighted from the US stocks watchlist scans today...

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...