The equal weighted index of the Nasdaq 100 is note worthy currently as it is outperforming the regular Nasdaq 100 by around +6%, as it is still around +12% above the October 13th spring low, whereas the regular Nasdaq 100 is only around +6% above it...

The Stage Analysis members weekend video begins this week with a special focus on the Home Construction Group stocks, of which multiple stocks within the group made a Stage 2 breakout attempt this week against the weak market action...

For the watchlist from the weekend scans...

This is the first post of a new weekly regular feature focusing on some of the most vulnerable issues in the US market, in order to get a broader picture of the overall market health and contribute valuable information to our Weight of Evidence – which is the key to successfully using Stan Weinstein's Stage Analysis method.

The Stage Analysis members midweek video discussing the S&P 500, VIX and the Dollar Index, short-term market breadth indicators and the US watchlist stocks in more detail with live markups of the individual stocks and group themes.

I'll talk through the watchlist stocks and group themes from the last few days in detail on multiple timeframes during the Stage Analysis midweek video, which will be posted later today (Wednesday).

Semiconductors continues to be the main group theme with more stocks in the group testing the Stage 2 breakout level today, but pulling back with the intraday market weakness.

Technology, Industrial and Consumer Discretionary sector groups make up the bulk of todays highlighted stocks, with Semiconductors having the most results, including the group etf – SMH, which has been consolidating above its 30 week MA for the last 6 weeks now, and the 30 week MA has started to flatten out, and the Stage Analysis Technical Attributes (SATA) score has improved to a 6. Hence, the group is in position for a potential Stage 2 breakout attempt if market conditions are favourable.

The Stage Analysis members weekend video discussing the market breadth charts to determine the weight of evidence, IBD industry group bell curve – percentage above 30 week MA and the bullish percent, industry groups relative strength, market indexes, and the US watchlist stocks in detail on multiple timeframes.

The Nasdaq 100 continues to be a laggard of the major indexes, but its Stage Analysis Technical Attributes (SATA) have been improving over the last month with those increasing to a weekly SATA score of 5 of 10, which is the Stage 1 range.