The major indexes – S&P 500, Nasdaq Composite, NYSE, Russell 2000 and the FAANG stocks index – are all at pivotal points, with weakest already in Stage 4 declines. But now the stronger areas of the S&P 500 and NYSE are also testing their own Stage 4 breakdown levels...

There was an attempt to spring near the lows of the recent ranges in multiple US Indexes today. However, a deeper low that undercuts the base structure would be more useful in order to wash out the weaker hands, and provide the large players (institutional investors) liquidity...

This weekends Stage Analysis Members Video features analysis of the Major US Stock Market Indexes – S&P 500, Nasdaq Composite, Russell 2000 and the individual US Market Sectors Stages. Plus the a detailed look at the US Industry Groups Relative Strength focusing on the Change of Behaviour in the strongest RS groups...

Due to the weak current market conditions – which I've talked about in the various weekend Market Breadth posts – this weekends watchlist post will instead focus on some this weeks key upcoming earnings. As there are number of large and mega cap stocks reporting this week that are close to (in late Stage 3B) or already breaking down into Stage 4...

There were negative grid changes in 5 of the 11 sectors since the last update two weeks ago, with the overall average down to 40.53%. The biggest declines this week were in the Basic Materials and Utilities sectors – dropping the Basic Materials below the 60% level out of the Stage 2 zone and into the more neutral Stage 3 / Stage 1 zone...

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 strongly rejected the 200 day MA today following statements by Fed Chairman Jerome Powell of potential upcoming rate hikes to help tackle rampant inflation. Which gave the market the excuse it needed for a selloff at the key level of the 200 day MA in the S&P 500 and the Dow Industrials, while the Nasdaq Composite and Russell 2000 Small Caps rejected their 50 day MAs.

Exclusive graphic of the 104 Dow Jones Industry Groups showing the Percentage of Stocks Above 30 week MA in each group visualised as a Bell Curve chart – inspired by the Sector Bell Curve work by Tom Dorsey in his Point & Figure book....

Stage Analysis Members Midweek Video with a FREE preview covering the Stage 4 continuation breakdown in NFLX Netflix, and then members only content going through the Major Indexes, Short Term Market Breadth Charts, todays after hours moves from earnings in TSLA and UAL. The Uranium group attempt to rebound and the US Stocks Watchlist and Group Themes in more detail.