Numerous stocks made Undercut and Rally (U&R) / Spring Type Action type moves today with the U&R scan that I run each day closing at 240 stocks. Which is roughly 10x the average daily amount. So a clear attempt to stop the decline today with some signs of a Selling Climax (SC)...

With the majority of stocks / groups in Stage 3 or 4, this weekends watchlist is a little different than usual as, as focusing instead on the this week upcoming earnings...

Lower highs again today in the indexes as the bounce fades into the end of the day and the major indexes continue to make lower lows with the S&P 500 breaking the December pivot low...

NYSE Bullish Percent Index at 50.18%, which means half of NYSE stocks are currently on point and figure buy signals and so in the Stage 3 or Stage 1 zone currently (i.e. between 40% and 60%)...

20 year Nasdaq Composite chart with percentage of stocks above their 200 day MA, 150 day MA and 50 day MA underneath for comparison to past periods. Highlighted areas are when 200 day MA was below 30% level. Red line is current level in each.

$IWM Russell 2000 Small Caps index is following the $IWO Small Cap growth index into a potential Stage 4 decline, with a breakdown attempt today.

There were 31 stocks for the US stocks watchlist today. Here's a small sample from the list: NEM, CCK, GFI, EKX, + 27 more...

Growth indexes continue to make lower highs and lower lows. Stage 4 in three of the four indexes $IWO $ARKK $QQQJ & late Stage 3 in $FFTY...

Gold continues to build a Stage 1 base, which it's been in for around 36 weeks so far. Relative strength versus the S&P 500 is still weak though and near the lows, but it is starting to approach the zero line (52 week RS MA)...

There were 36 stocks for the US stocks watchlist today. Here's a small sample from the list: AMAT, BTU, DE, GSL, + 32 more...