The Nasdaq 100 saw a strong rebound today of +1.65%, and the percentage of stocks above their 20 day EMAs closing at 27%. Which is a 14% improvement since Thursday's reading of just 13%. The price action however, remains below the -1x ATR(21 day) level, and hence continues to be in a short-term downtrend, within the longer-term weekly Stage 2 advancing phase...

Stage Analysis members video with the usual in-depth review of the market and the various breadth measures that we use in the Stage Analysis method to determine the Weight of Evidence.

There were 31 stocks highlighted from the US stocks watchlist scans today...

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...

There were 18 stocks highlighted from the US stocks watchlist scans today...

The Stage Analysis members video begins this week by discussing some of the weeks strongest volume movers in Stage 2, before moving onto the regular member content, including the Major Indexes Update, Futures SATA Charts, Industry Groups RS Rankings, IBD Industry Group Bell Curve – Bullish Percent, Market Breadth Update to determine the Weight of Evidence and finally analysis of the recent watchlist stocks in detail on multiple timeframes.

There were 16 stocks highlighted from the US stocks watchlist scans today. I'll discuss the watchlist stocks and group themes in detail in the members weekend video, which will be posted later on Sunday...

The Nasdaq 100 continues to have its first significant pullback since its Stage 2 advance began in late March and has now tested its 50 day MA for multiple days after an initial -5% decline since the high on the 19th July...

Stage Analysis midweek video discussing the pullback in the major US indexes, and Stage Analysis multiple timeframe methods for dealing with pullback entries. A discussion of the new Anchored Volume Profile tool in Tradingview followed by the market breadth update using the short-term measures, and finally analysis of the most recent watchlist stocks.

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