The S&P 500 closed below its short-term 21 day EMA and also the horizontal Volume Point of Control (VPOC) today, as it tested towards the lows of the two most recent swing lows and the early November swing high. But found a small amount of support in the final few hours to close off of the low of the day and just above the recent swing low.

Exclusive graphic of the 104 Dow Jones Industry Groups showing the Percentage of Stocks Above 30 week MA in each group visualised as a Bell Curve chart...

The Stage Analysis members weekend video discussing the market indexes, Dollar index, commodities, industry groups relative strength, IBD industry group bell curve – bullish percent, market breadth charts to determine the weight of evidence, Stage 2 breakout attempts and the US watchlist stocks in detail on multiple timeframes.

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.

For the watchlist from the weekend scans...

The IBD Industry Groups Bell Curve gained +2.03% this week, moving it back above the 50% level to close at 51.66%, which is firmly in the Stage 1 zone, with the bell curve fairly evenly distributed in the middle of the range.

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

The Stage Analysis members midweek video discussing the market indexes, sector breadth, short-term market breadth and the US watchlist stocks in more detail with live markups.

The pullback over the last few days and general consolidation range that's formed in the major indexes like the S&P 500 (shown above) since the secondary Follow Through Day (FTD) has put a number of stocks and groups in a more favourable position than they were at the FTD, with many stocks consolidating on low volume and tight spreads under potential Stage 2 breakout levels...