It was a strong day for the bulls with price closing near the high of the day after opening slightly lower and initially moving lower to test yesterdays low and short term 21 day EMA, before rallying higher for the rest of the day, creating a bullish engulfing candle on the daily chart...

Todays Stage Analysis Members Midweek Video covers the midweek update of the major US market indexes – S&P 500, Nasdaq Composite, Russell 2000 & the VIX. Plus the short term Market Breadth Update: Percentage of Stocks Above 20 Day MAs, Bullish Percent Index and New Highs - New Lows charts...

Stocks pulled back today, as we reached the end of May 2022, after a three day rally off of the recent tests of the lows in the broad market Stage 4 decline. But all the major indexes made higher lows from the previous day though...

This weekends Stage Analysis Members Video features analysis of some attempted Stage 2 breakouts on strong relative volume and some strong volume springs. Followed by the Major Indexes Review on Multiple Timeframes, and the IBD Industry Group Bell Curve - Bullish %, as well as the Industry Groups Relative Strength Rankings and groups on the move. I also cover the Market Breadth Charts in detail to help to determine the Weight of Evidence and then I finish with detailed coverage of the weekends watchlist stocks from the US stock market and IPO stocks update from the midweek video.

Software and Semiconductors dominated the weekend scans with strong rebounds in many in the groups over the last week or so, which have mainly formed as spring and test patterns within short term base structures in Stage 4...

Today saw strong moves in the more depressed areas of the market with leadership from beaten down areas such as Growth, Consumer Discretionary, Communication Services, Technology, Software, Semiconductors and IPOs and more. Which triggered yet another Follow Through Day (FTD) attempt – the fourth this year – and IBD declaring a Confirmed Uptrend again. However...

Stage 4 / Stage 1 stocks building base structures for the watchlist from the IPO stocks that have come public in the last year...

Todays Stage Analysis members video includes a special feature focusing on the IPO stocks that listed in the last year and are attempting to build bases. The has been a huge decline in the IPO stocks since November, with a more than -60% decline in the IPO etf for example that covers the group. But some of those younger stocks that have listed could recover and become future leading stocks once the Stage 4 decline ends and starts to transition into Stage 1.

Oil stocks remain in focus with many in the sector tightening up near the highs of their current base structures...

SNAP made another massive continuation breakdown on earnings in the after hours trade in its late Stage 4 decline, and has now given back the entire 2020 Stage 2 advance, and joins the likes of PTON, ROKU, PYPL, SQ, PINS and many more former 2020 leading stocks that have come full circle and given it all back again since breaking down into Stage 4 during various points over the course of the last year...