The S&P 500 closed higher for a ninth week in row at 4769.83, to end 2023 just under its all time highs of 4818.62, which was set in the first week of 2022. With the recent strength from the October swing low, it has risen +16.23% with a Lockout Rally and made a Stage 2 continuation breakout in the process...

The IBD Industry Groups Bell Curve increased by +1.75% this week to finish at 56.10% overall. The amount of groups in Stage 4 (Weak) decreased by 10 (-5%), and the amount of groups in Stage 2 (Strong) increased by 8 (+4%), while the amount groups in Stage 1 or Stage 3 (Neutral) decreased by 2 (-1%).

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...

2023 has seen many exceptional Stage 2 advances in individual stocks as the major US indexes moved higher in Stage 2 advances of their own. So this short 35 minute video discusses fifteen of this years best Stage 2 moves and the characteristics that they developed as they moved into early Stage 2, to help you recognise what to look for in future stocks as they move towards the investor method entry point/s.

There were 17 stocks highlighted from the US stocks watchlist scans today...

The IBD Industry Groups Bell Curve increased by +1.97% this week to finish at 54.35% overall. The amount of groups in Stage 4 (Weak) decreased by 7 (-3.5%), and the amount of groups in Stage 2 (Strong) increased by 10 (+5%), while the amount groups in Stage 1 or Stage 3 (Neutral) decreased by 3 (-1.5%).

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...

There were 24 stocks highlighted from the US stocks watchlist scans today...