The members midweek video this week begins with a special group focus on the Software group, which I've talked about in the Stage Analysis videos a number of times over the summer months, as the stocks in the group have gradually moved towards Stage 1 type behaviour...

The major US markets rallied strongly today with expanding short-term breadth and a further Follow Through Day. However, it's Mega Cap earnings week, and GOOGL and MSFT kicked it off with negatively received earnings reports...

The S&P 500 (shown above via the SPY etf intraday 130 minute chart – 3 bars/day) continued higher towards the top of the October range that's developed as a Stage 1 base structure on the lower intraday timeframes, and is now testing the top of the range...

Part 2 of the regular members weekend video discussing the market, commodities, industry groups and market breadth to determine the weight of evidence.

Part 1 of the weekend video discussing the watchlist stocks from Thursday and the Weekend watchlist posts.

I noted the relative strength in the Nonferrous Metals and Steel groups in the RS rankings blog post on Friday, which have also featured strongly in the watchlist scans this weekend, as well as a number of other areas such as Gold Mining (Gold and Silver stocks) and the strength in some of the Technology groups as money rotated from more defensive groups/sectors into the more speculative areas on Friday...

The S&P 500 and other major stock market indexes pulled back for another day, but remains above the swing low that formed a week ago on heavy volume on the 13th October...

The members midweek video, this week discussing the divergence in Crude Oil Futures and the breakout attempts in the Oil stocks. Then a look at the market indexes, short-term market breadth and Stage Analysis of some of the weeks key earnings results so far...

NFLX (Netflix) from the Earnings Watchlist is the strongest mover of todays earnings results, breaking out of its six-month base structure in the after-hours trading and approaching the still declining 200 day MA...

The heavy volume Spring attempt from last Thursday remains in play as a potential swing low, with a further reclaiming of the 5-day MA in the S&P 500 today – which marks Day 3 of a rally attempt from the swing low. So the S&P 500 and Nasdaq are both potentially in position for another CAN SLIM method Follow Through Day (FTD) attempt on Day 4 or later...