The Nasdaq Composite moved through the significant resistance level, that has acted as support / resistance around six times in the last year. With a strong close that is now approaching the top of the recent range. So that level and the 200 day MA above it are the next levels of interest.

For the watchlist from the weekend scans...

Part 2 of this weekends Stage Analysis Members Weekend video is free to view for the public and has a feature on the Gold and Silver miners that have been appearing in the watchlist over the last few months as they've developed from Stage 1 in Stage 2 in some cases. So I run through the strongest of the Gold and Silver miners and then in the second half of the video I cover this weeks Stage 2 Breakouts and Stage 2 Continuations and finish off with a look at the weekends US watchlist stocks in a but more detail.

In Part 1 of the Stage Analysis Members Video I cover the Major Indexes (i.e. S&P 500, Nasdaq Composite, Russell 2000 and the VIX etc), US Sectors Relative Strength Rankings and charts, Market Breadth charts to determine the Weight of Evidence, and the US Stocks Industry Group Relative Strength Tables and the Groups in focus this week.

The purpose of the 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...

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 Nasdaq 100 continued to make progress higher in the range, and as the 4 hour chart attached shows, it's a change of behaviour over the last three months downtrend.

Stage Analysis Members Midweek Video covering the Major Indexes, Short Term Market Breadth Indicators, the 104 Industry Groups Exclusive Bell Curve diagram, the potential Stage 2 Backup Entry Zone for Gold, the daily Stage 1 base structures in Bitcoin & Ethereum and the US Watchlist Stocks in more detail.

There were 36 stocks for the US stocks watchlist today. Here's a small sample from the list: GFI, FCX, KBR, BROS, + 32 more...

The Nasdaq Composite is approaching a significant level of interest that has acted as both support and resistance five times or so in the past year. Hence, it is a key level to overcome in order for the short term Change of Behaviour that we've seen to turn into a more significant Change of Character – which would be more bullish. As although the initial Stage 4 breakdown attempt failed and the rebound has been strong, relative strength in the Nasdaq remains weak versus the S&P 500 and it's moving into a logical area for shorts to initiate a test of the recent price action...