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...

The Financials sector groups dominated the watchlist scans today, and as it's not a group that comes up very often in the watchlist, I've highlighted a number of them, as there's a similar inverse head and shoulders bottom pattern developing across the group...

Today's video is a special feature following up on the Software group stocks progression over the last month since I last covered the group in early August: Video: Software Stocks Group Focus – Stage 1 Bases Proliferate – 10 August 2022, as at the time, numerous stocks within the group were showing signs of Stage 1 base structures developing.

For the watchlist from Mondays scans...

In Part 2 of the Stage Analysis Members weekend video I discuss the highlighted stocks from the weekend scans as well as Thursday's post. With live markups and discussion on multiple timeframes of why they were highlighted and what part of the Stage that they are in, and what I'm looking for in order for them to become actionable and the group themes appearing...