This weeks Stage Analysis Members weekend video begins with a detailed run through of the weekend watchlist stocks on multiple timeframes, with live markups of the charts and explanations of what we are looking for in each.

Semiconductors was the dominant theme in the weekend scans, with multiple stocks in the group recovering strongly from weakness caused by the NVDA pre-earnings release early in the week. I did an in-focus on the Semiconductors group in the US Stocks Industry Groups Relative Strength Rankings post on Friday evening, including some market breadth data on the group. So take a look at that if you haven't already.

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...

The S&P 500 gapped higher at the open, but spent the majority of the day pulling back, as multiple major indexes (i.e the S&P 500, Nasdaq Composite, Nasdaq 100 etc) all tested their year to date Anchored Volume Weighted Average Price (Anchored VWAP) and reversed back through to close the day negative. However, none broke the prior days lows and they all remain above their +1x ATR levels currently...

Todays Stage Analysis Members midweek video is a special feature on the Software group, which has been rising up the relative strength rankings over the last month, and has seen many stocks from the group appearing in the watchlist, due to the large number of stocks bases transitioning towards Stage 1, as well as a smaller number of stronger stocks in the group making the move into early Stage 2...

For the watchlist from Tuesdays scans...

With the increased interest in Stan Weinstein's Stage Analysis method recently, I thought it would be useful to begin this weekends video with an educational feature on the Stage 2A entry point, using the example of AAPL from May 2003...

The Healthcare sector dominated the weekend watchlist scans and there's multiple stocks from the sector in the final cut. But many are short term extended, after earnings gaps, or just moving strongly with the group theme. So most are on pullback / consolidation base watch...

Biotechnology stocks group ETFs (XBI and IBB) made a continuation breakout today after a three week consolidation / shallow pullback within their early weekly Stage 1 advance – which has been one of the strongest group moves since the markets June swing low...

For the watchlist from Wednesdays scans...