A smaller list tonight with a lot of early in the day breakout attempts and sharp reversals today. Here's tonights additions to the US watchlist from Tuesdays scans - AAXN, AMRK, CGNX, ENPH, GLOB, SVM, XONE

It was big list tonight to go through, with lots of cup and handle type patterns showing up in the scans. A few had decent volume, but in the majority the volume was only around average.

Although a fairly average up day in the market. There was still a number of interesting breakouts or stocks close to their breakout levels. More than half the stocks in my scans were healthcare related though, but only a few made it into the watchlist as most are very extended short term.

With the S&P 500 continuing to consolidate in sideways range near the 50% retracement level, and multiple other markets doing similar things. I thought it might be time to start looking for the watchlist again incase we do resolve to the upside.

Multiple Gold Stocks have had 100%+ moves in the last six weeks. There has been new highs in many stocks in the sector as physical gold trends higher outperforming the stock market indexes and other commodities.

Another positive week in the market. But mostly for Technology, Health Care and Consumer Staples stocks, as the disparity between the sectors continues to grow

Many of the short term market breadth indicators continued to gain strength and multiple are now on bullish signals. However, the medium and longer term signals mostly remain on bearish signals, with some struggling to make much headway from their extreme low levels such as the NYSE percentage of stocks above their 150 day moving averages and the cumulative new highs new lows for example.

Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health.

It was a strong week for the major stock market indexes with multiple stock index charts closing the week with a bullish engulfing candle pattern.

The stocks markets indexes and individual stock charts continued on tear lower this week, in deep Stage 4 territory for most. The bounce at the end of last week suckered in more people, only for the markets to rip lower again this week. Closing this time near the lows of the week.