The IBD Industry Groups Bell Curve – Bullish Percent had a negative shift of -5.11% this week and fell back into the Stage 4 zone with an average distribution in the 200 Investors Business Daily (IBD) Industry Groups of 35.78%.

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...

Broad based selling today with stocks accelerating to the downside in the afternoon session after initially attempting to hold up during the morning, and if you zoom into the intraday 2 hour chart...

This weeks Stage Analysis Members midweek video features a special on the searching for Stage 1 Bases in the Software Group, as numerous software stocks have been appearing in the watchlist scans over the last month or so and exhibiting a change of behaviour...

The S&P 500 gapped lower at the open, but rebounded from around its short term 21 day EMA early in the session and progressed steadily higher through the day to close near its highs at +0.95%...

The S&P 500 continues to digest the recent run up from the lows in a tight consolidation pattern (flag) with a higher high and a higher low than yesterdays bar today, but with a close at the lower end of the range.

This weekends Stage Analysis Members Video features Stage Analysis of the major crypto coins – Bitcoin and Ethereum on multiple timeframes. And then in the members only portion of the video the usual Forest to the Trees approach...

Energy remains the leading group in the Stage 2 zone, and has pushed back above the 90% level once more. I talked in the previous post about looking for new leadership in sectors that reverse strongly back out of the lower zone, of which Basic Materials and Industrials have been the first movers in the last few weeks.

The majority of the major US market indexes all closed another week in Stage 4, except the AMEX, which continues to push towards new highs in Stage 2...