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...

Gold and Miners are coming back into focus today, with a move by the Gold continuous futures back through the 200 day MA on increased volume, and so a potential spring type event at the moving average – which has also been showing up in the individual gold miners and some of the silver miners too over the last week or so...

The Stage Analysis Members Midweek Video features Analysis of the Stages of the major US sectors, as well as a look at the sector breadth visual the custom IBD Industry Groups Bell Curve – Bullish % chart that I do for the members that shows the distribution of the 200 IBD Industry Groups as a bell curve chart...

The major indexes managed to put in a Follow Through Day (FTD) which is defined in the excellent book about the CAN SLIM method called – How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition by William O'Neil. Which changes the Investors Business Daily (IBD) outlook to Confirmed Uptrend.

There wasn't much in the way of follow through today except in the stronger RS areas of the market, with progress in all of the top ten groups, which is still dominated by the Energy groups. But in the broader market indexes such as the Nasdaq Composite (see above) there was mix of inside days and small stalling dojo candles...

This weekends Stage Analysis Members Video features the Major Indexes Review and analysis of the Sector Breadth charts. Plus the US Stocks Industry Groups Relative Strength tables and groups of interest. The Market Breadth Charts to determine The Weight of Evidence and the US Stocks Watchlist in Detail, with marked up charts of what I'm watching for on the long and short side.

Friday saw a large amount of strong moves in the more beaten down areas of the market, with short covering type moves on volume in numerous stocks. Which reversed the Bullish Percent Index column to Xs in the majority of the Software IBD subgroups and Semiconductor groups in the lower zone, and hence changes their P&F status to Bull Alert...

The majority of sectors have now fallen into the lower zone – which we haven't seen on the sector breadth visual since March 2020. So it's reached an extreme. But unlike the March 2020 visual, the current market still has a few sectors in the mid and upper zones, as Energy remains at very high level of 80.24%...

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...