The Nasdaq Composite pulled back and closed lower for a second day into the prior two short-term pivot highs, which turned support today and formed a tight candle with a small demand tail (lower wick). The Nasdaq remains in a weekly Stage 4 declining phase – so the major trend is down. However...

The Stage Analysis members weekend video starts this week with a focus on the Semiconductors group, as around 1/4 of the group are reporting earnings in the coming week, and have shown strong relative strength since the start of the month, rising back up the relative strength rankings and and industry group bell curve.

It's a big week for earnings with multiple mega-cap stocks reporting, as well a number of stocks featured over the last month in the watchlist posts. So I've compiled the list of those reporting this week below, and I'll be talking through them in more detail in the weekend members video, which will be out later today (Sunday 24th).

The IBD Industry Groups Bell Curve – Bullish Percent made as strong improvement over the last week with a +12.98% move into the high 30s, with more groups leaving the Stage 4 zone, and reentering previous Stage 3 ranges, and hence potentially shifting back towards Stage 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...

The S&P 500 continued higher for a third day in a row with a shakeout in the first hour before turning higher again. It closed above the +1x ATR level and has put in a higher high and higher low within the small rising channel / flag pattern of which it's approaching the upper end of.

Tonights Stage Analysis Members midweek video begins with a look at the Sector Rotation Model that suggests the sectors that tend to lead the market at the different points in the market cycle and economic cycle. Followed by a brief chat of the recent article on the Top 5 Books To Learn the Wyckoff Method, before discussing the Major Index charts...

The S&P 500, Nasdaq and Russell 2000 Small Caps all managed to close above their 50 day moving averages for the first time in many months. However, they are all still in the range of the recent minor swing highs and testing their +1x ATR levels, and so could easily flip back below their 50 day MAs again if follow through action fails to materialise in the coming days.

The Stage Analysis method this website is based upon comes from Stan Weinstein's classic book, which is called Stan Weinstein's Secrets For Profiting in Bull and Bear Markets. The method has stood the test of time through multiple extremes of both bull and bear markets over the last 30+ years; and to this day Stan Weinstein still runs his institutional investment service called the Global Trend Alert – which he launched in the early 1990s.*