We last covered the Stage Analysis Technical Attributes (SATA) weekly scores for the Nasdaq 100 back in mid November, which shows a rough guide of the Stages of the individual stocks within the Nasdaq 100. i.e. everything above a 7 would be considered in the Stage 2 zone (Positive), 4-6 in the Stage 1 or Stage 3 zone (Neutral), and 3 or below is the Stage 4 zone (Negative)...

A massive list today, with numerous Stage 2 breakout attempts and breakout attempts within Stage 1 bases still. Gold & Silver Mining stocks were a major theme, as physical gold futures attempts to move into Stage 2, after testing the breakout level continually for the last month...

The start of the new trading year in the US stock market saw multiple Stage 4 breakdown attempts in the Energy group stocks, with the Exploration and Production group stocks dominating the scans of the stocks breaking down into Stage 4 and within late Stage 3 structures...

The Stage Analysis members weekend video with an end of year review of the markets, and special features on the US Industry Groups Relative Strength 2022 strongest groups, and the IBD Top 5 stocks of 2022. Plus the IBD industry group bell curve, and the market breadth charts to determine the weight of evidence. Followed by the US watchlist stocks in detail on multiple timeframes.

There were 36 stocks highlighted from the US stocks watchlist scans today...

The IBD Industry Groups Bell Curve was mostly unchanged on the week with only a -0.04% move, closing the week at 36.53%.  The amount of groups in Stage 4 decreased by -1 (-0.5%), and the amount of groups in Stage 2 decreased by -2 (-1%), while the amount groups in Stage 1 or Stage 3 increased 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...

The Software group is the dominant theme in todays watchlist scans with multiple stocks in the group approaching their respective Stage 2 breakout levels...

The midweek video is a group focus on the Coal group and stocks, which led the market through the majority of 2021 and early 2022, and has multiple stocks closing the year above a +100% gain and three quarters of the stocks with more than a +20% gain year to date. However, the group and its stocks have weakened in late Stage 3 type structures over the last 8 months or so, and hence it is vulnerable to a potential Stage 4 breakdown attempt...