104 Dow Jones Sector Industry Groups sorted by Relative Strength. Purpose is to track RS changes across the groups each week using stockcharts SCTR rating. Attached current top 50 sectors plus sectors with the strongest moves this week and YTD

104 Dow Jones Sector Industry Groups sorted by Relative Strength. Purpose is to track RS changes across the groups each week using stockcharts SCTR rating. Attached current top 50 sectors plus sectors with the strongest moves this week and YTD

104 Dow Jones Sector Industry Groups sorted by Relative Strength. Purpose is to track RS changes across the groups each week using stockcharts SCTR rating. Attached current top 50 sectors plus sectors with the strongest moves this week and YTD

At the start of each year I like to look at where the initial money is flowing once the institutional traders return from their end of year breaks, and this year I can see a strong group theme developing in the Cannabis stocks once more, with multiple early Stage 2A breakouts and continuation breakouts on strong volume recently from big Stage 1 bases, and multiple other stocks in the group setting up in the later part of Stage 1.

Potential Major Market Breadth signal that the Bull market is still only just beginning. The 80%+ level has only been reached twice before in June 2003 & August 2009 as you can see attached. So although in the upper risk range. A major sign of strength.

Update of the major US stock market indexes and the key market breadth indicators. Plus a multi-time frame analysis of my current watchlist stocks near positions for potential trades, if they breakout on strong volume from their current bases: $PINS, $FSLY, $BYND, $BE, $WRTC, $ARLO

Regular update of the major US stock market indexes and indicators. A regular look beneath the surface of the US stock market, featuring the key market breadth charts for timing trading stocks and the stock market indexes, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc and some custom breadth indicators of my own in order to determine what the "Weight of Evidence" is suggesting in terms of the US stock market direction and how to allocate your money. 

Weekend update of the major US stock market indexes and indicators. A weekly look beneath the surface of the US stock market, featuring the key market breadth charts for timing trading stocks and the stock market indexes, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc and some custom breadth indicators of my own in order to determine what the "Weight of Evidence" is suggesting in terms of the US stock market direction and how to allocate your money.

This week saw a huge shakeout in the leadership stocks with numerous tech and healthcare stocks dropping up to -20% in a just a few days from their highs. However, there is a chance that it was just a shakeout by the markets in order to let the larger players load up on the stronger stocks at a lower price. But this opinion now needs confirmation, as although some traders jumped back in immediately on the assumption of a shakeout. The price action of many stocks that got hit failed to recover with much strength, and still closed the week significantly lower than the previous week, even though they recovered half or more of the drop.

Stock Indexes continued higher for another week, with small caps showing the most strength, as a number of the previous leaders struggled. But some laggards got a boost, so are we seeing some rotation into the weaker areas of the market.