The regular members weekend video discussing the market, industry groups, market breadth and individual stocks from the watchlist in more detail...

The decline in the IBD Industry Groups Bell Curve – Bullish Percent average distribution continued this week, and finished the week at an extreme of 19.35%, which is decline of -12.02%, and the second lowest reading of the year. With a massive 185 (92.5%) of the IBD industry groups in the Stage 4 range, and only 15 (7.5%) groups in Stages 1 or 3, and zero (0%) groups in the Stage 2 range...

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 regular members weekend video discussing the market, industry groups, market breadth and individual stocks from the watchlist...

The IBD Industry Groups Bell Curve – Bullish Percent average distribution continued to decline this week, and finished the week at 31.37%, which is decline of -6.51%. So it has fallen deeper into the Stage 4 zone once more, with the majority of groups (69%) in the Stage 4 zone, and only 4.5% of the groups in the Stage 2 zone.

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 IBD Industry Groups Bell Curve – Bullish Percent average distribution shifted slightly this week by +0.65% to finish the week at 37.88%. So it remains in the Stage 4 zone, but within a few percent of moving back into the Stage 1 zone if it continues to improve from here...

Today's video is a special feature following up on the Software group stocks progression over the last month since I last covered the group in early August: Video: Software Stocks Group Focus – Stage 1 Bases Proliferate – 10 August 2022, as at the time, numerous stocks within the group were showing signs of Stage 1 base structures developing.

Part 1 of the weekend video begins with an explanation of how to use the new SATA - Stage Analysis Technical Attributes Indicator. Followed by a look at a few of this weeks high volume Stage 2 breakout attempts. Then a rundown of the price action in the major US indexes and Industry Groups RS Rankings...

The IBD Industry Groups Bell Curve – Bullish Percent average distribution declined by a further -9.94% since the previous week, with an additional 34 groups dropping out of the Stage 2 zone and 46 groups dropping back into the Stage 4 zone. Hence the majority of groups (106 out of 200) are now in the Stage 4 zone...