The Russell 2000 Small Caps is once again testing resistance, and attempting to breakout into Stage 2. But as yet hasn't been able to push through and overcome the resistance from the March significant bar, from when the banking crisis erupted, and so remains in late Stage 1 currently.

The percentage of US stocks above their 150 day (30 week) moving averages in the 11 major sectors post provides a unique snapshot of the overall market health and is highlighted every few weeks in the Stage Analysis blog...

Stage Analysis weekend video beginning with the Major Indexes Update as the Small Caps continues to improve, Futures SATA Charts, Industry Groups RS Rankings, IBD Industry Group Bell Curve, Market Breadth Update to help to determine the weight of evidence, Stage 2 breakout attempts on volume and lastly discussing the US Watchlist Stocks from the weekend scans in detail on multiple timeframes.

There were 26 stocks highlighted from the US stocks watchlist scans today...

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. This information provides a snapshot of the overall market health in a unique way, and is particularly useful for both market timing strategies and as a tool in aiding with the Stage Analysis methods "Forest to the Trees" approach, where we look for developing group themes...

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...

There were 28 stocks highlighted from the US stocks watchlist scans today...

The Stage Analysis members midweek video this week featuring analysis of the major US Indexes with discussion of the rotation to the Small Caps and NYSE stocks. Plus the short-term market breadth measures, followed by a detailed discussion and live markups of the most recently highlighted stocks for the US stocks watchlist.

The Russell 2000 Small Caps (IWM, RTY) Index has seen some improvement over the last three days with an expansion in the market breadth, as numerous small cap stocks have caught a bid, after months of choppy sideways price action since the regional banking crisis erupted and took the Russell 2000 below it's 30 week MA and 200 day MA, where it had remained for almost 3 months...