This weekends watchlist is dominated by a few group themes with around third of the stocks from the precious metals groups as spot gold is approaching its Stage 2 breakout level once more...

Introduction to Stage Analysis - Members service, Stock Market Overview, Major Indexes & Sectors, Industry Group Relative Strength, Market Breadth Charts (Percentage of stocks above their key MAs, Bullish Percent Indexes, Advance Decline Lines, New High New Lows, Cumulative P&F Breakouts - Breakdowns, Stage Analysis Technical Attributes (SATA) scoring system and the US Watchlist Stocks in focus - ASAN, MDB, DOCU, CRWD, PYPL and many more...

Update of the major US stock market indexes and the key market breadth indicators. Plus a multi-time frame analysis of my current watchlist stocks near positions for potential trades, if they breakout on strong volume from their current bases: $PINS, $FSLY, $BYND, $BE, $WRTC, $ARLO

Regular update of the major US stock market indexes and indicators. A regular look beneath the surface of the US stock market, featuring the key market breadth charts for timing trading stocks and the stock market indexes, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc and some custom breadth indicators of my own in order to determine what the "Weight of Evidence" is suggesting in terms of the US stock market direction and how to allocate your money. 

Weekend update of the major US stock market indexes and indicators. A weekly look beneath the surface of the US stock market, featuring the key market breadth charts for timing trading stocks and the stock market indexes, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc and some custom breadth indicators of my own in order to determine what the "Weight of Evidence" is suggesting in terms of the US stock market direction and how to allocate your money.

This week saw a huge shakeout in the leadership stocks with numerous tech and healthcare stocks dropping up to -20% in a just a few days from their highs. However, there is a chance that it was just a shakeout by the markets in order to let the larger players load up on the stronger stocks at a lower price. But this opinion now needs confirmation, as although some traders jumped back in immediately on the assumption of a shakeout. The price action of many stocks that got hit failed to recover with much strength, and still closed the week significantly lower than the previous week, even though they recovered half or more of the drop.

Stock Indexes continued higher for another week, with small caps showing the most strength, as a number of the previous leaders struggled. But some laggards got a boost, so are we seeing some rotation into the weaker areas of the market.

A number of the key market breadth indicators weakened this week, with moves back to bearish signals in multiple indicators that had been positive for the last month or so, like the NYSE Bullish Percent Index which moved back to Bear Confirmed status on the 13th...

The indexes had a strong week, after a few weeks of indecision, with the Nasdaq indexes making new weekly highs, but the majority of other indexes didn't manage to clear the previous weeks highs although they did close strongly on Friday.

The major US stock market indexes are once again at a potential turning point, with multiple failed breakout attempts over the last week in individual stocks and the market indexes themselves, which caused them to close slightly down on the week. But with a large wick on the upper part of the candle which is often bearish. But needs confirmation still.