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Technical Analysis

IBD Industry Groups Bell Curve – Bullish Percent

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. This information provides a snapshot of the overall market health in a unique way, and is particularly useful for both market timing strategies and as a tool in aiding with the Stage Analysis methods "Forest to the Trees" approach, where we look for developing group themes...
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Nasdaq 100 Rebound Attempt and the US Stocks Watchlist – 21 August 2023

The Nasdaq 100 saw a strong rebound today of +1.65%, and the percentage of stocks above their 20 day EMAs closing at 27%. Which is a 14% improvement since Thursday's reading of just 13%. The price action however, remains below the -1x ATR(21 day) level, and hence continues to be in a short-term downtrend, within the longer-term weekly Stage 2 advancing phase...
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