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...

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...

It was a strong day for the bulls with price closing near the high of the day after opening slightly lower and initially moving lower to test yesterdays low and short term 21 day EMA, before rallying higher for the rest of the day, creating a bullish engulfing candle on the daily chart...

Todays Stage Analysis Members Midweek Video covers the midweek update of the major US market indexes – S&P 500, Nasdaq Composite, Russell 2000 & the VIX. Plus the short term Market Breadth Update: Percentage of Stocks Above 20 Day MAs, Bullish Percent Index and New Highs - New Lows charts...

Stocks pulled back today, as we reached the end of May 2022, after a three day rally off of the recent tests of the lows in the broad market Stage 4 decline. But all the major indexes made higher lows from the previous day though...

This weekends Stage Analysis Members Video features analysis of some attempted Stage 2 breakouts on strong relative volume and some strong volume springs. Followed by the Major Indexes Review on Multiple Timeframes, and the IBD Industry Group Bell Curve - Bullish %, as well as the Industry Groups Relative Strength Rankings and groups on the move. I also cover the Market Breadth Charts in detail to help to determine the Weight of Evidence and then I finish with detailed coverage of the weekends watchlist stocks from the US stock market and IPO stocks update from the midweek video.