The percentage of US stocks above their 150 day moving averages in the 11 major sectors increased by +2.89% since the previous post on the 18th December 2023, moving the overall average up to 60.03%, which is lower end of strong zone (60%+).

Stage Analysis members video discussing the Major US Stock Market Indexes, Futures charts, Industry Groups Relative Strength (RS) Rankings, IBD Industry Group Bell Curve – Bullish Percent, the key Market Breadth Charts to determine the Weight of Evidence, Significant Weekly Bars and the most recent US watchlist stocks in detail on multiple timeframes.

There were 16 stocks highlighted from the US stocks watchlist scans today...

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 IBD Industry Groups Bell Curve – Bullish Percent shows the few hundred industry groups plotted as a histogram chart and represents the percentage of stocks in each group that are on a point & figure (P&F) buy signal...

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...

The S&P 500 has continued to pullback since the start of the year, and is currently -2.21% below the high set on the 28th December, and today closed below its 21 day EMA for the first time since the beginning of November. So it's a Change of Behaviour compared to the prior pullbacks since the October low...

The Stage Analysis Technical Attributes (SATA) score is our proprietary indicator that helps to identify the four stages from Stan Weinstein's Stage Analysis method, using a scoring system from 0 to 10 that rates ten of the key technical characteristics that we look for when analysing the weekly charts.

The start of the new year brought rotation from Growth to Value stocks, with growth stocks getting hit hard and value stocks pushing higher. But while the growth glamour stocks have got most of the headlines in the recent rally, you'll note from the S&P 500 Growth ETF (SPYG) and S&P 500 Value ETF (SPYV) comparison above, that Value has actually been leading Growth since around mid October, when the Mansfield Relative Strength line started to turn up in Value and down in Growth versus the S&P 500...

Stage Analysis members video discussing the Major US Stock Market Indexes, Futures charts, Industry Groups Relative Strength (RS) Rankings, IBD Industry Group Bell Curve – Bullish Percent, the key Market Breadth Charts to determine the Weight of Evidence, Bitcoin and Ethereum Stages and the most recent US watchlist stocks in detail on multiple timeframes.