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.

There were 33 stocks highlighted from the US stocks watchlist scans today, which will be discussed in more detail in the weekend video...

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...

Many individual stocks continue to show strong relative strength versus the market action and have continued on with the development of Stage 1 bases, and an increasing number of stocks have been moving into early Stage 2. However, many "setups" as people like to call them have become broken, with large shakeouts and breakdowns of patterns in many areas also...

For the watchlist from Wednesdays scans. Software and Renewable Energy Equipment continue to be the main them this week...

Todays members video focuses on the US watchlist stocks from the last few days, as well discussing the leading Renewable Energy group and a few Stage 2 breakout attempts.

There were 43 stocks for the US stocks watchlist today. Software and Renewable Energy Equipment were the major group themes today...

The weekend video begins with a detailed look at some of the weeks strong volume Stage 2 movers weekly charts and some interesting Stage 1 stocks too. Then an update on the major indexes developing Stage 1 base structures. What's moving in the US Industry Groups Relative Strength Rankings and the IBD Industry Groups Bell Curve – Bullish Percent...

There was a huge amount of scan results to go through again, which usually is suggestive of being extended in the short-term, although on the rarer occasions it will be a major breakout move. So the probabilities favour being extended. But there are lots of developing Stage 1 base structures as you might have noticed from the recent posts...