The base structures which began to develop with the local Selling Climax (SC) on the 24th January continues to mature, and last weeks potential Change of Behaviour held reasonably well on the first day of testing by the large operators today with the S&P 500 holding above the year to date VWAP level and the Nasdaq 100 holding the VPOC of the range, but remaining under its year to date VWAP level. Hence, the S&P 500 continues to show more relative strength than the Nasdaq. But the behaviour in each remains similar.

Stage Analysis Members Video covering the Major Indexes (i.e. S&P 500, Nasdaq Composite, Russell 2000 and the VIX etc), Market Breadth charts to determine the Weight of Evidence, Industry Group Relative Strength Tables and the Groups in focus this week. Plus the US Stocks Watchlist.

For the watchlist from the weekend scans...

There were 30 stocks for the US stocks watchlist today. Here's a small sample from the list: TSLA, MOS, DE, CIVI, + 26 more...

Members midweek video covering the market indexes, market breadth and US watchlist stocks in detail.

For the watchlist from Wednesdays scans...

There were 12 stocks for the US stocks watchlist today. Here's a small sample from the list: TMST, ATSG, JNPR, + 9 more...

I talked about the Major Indexes Attempting to Breakdown into Stage 4 in a previous post. Today we saw some further weakness in the market, such as the Nasdaq 100 (attached) as the recent leading groups that had been running strongly in Stage 2, started to unwind, following short term climatic action in a number of areas such as Oil, Commodities and Precious Metals last week.

Weekend Stage Analysis Members Video covering the Major Indexes, Commodities, ETFs in focus, the Sectors and Industry Group Relative Strength, Market Breadth Update and finally the US Stocks Watchlist in detail where I mark up the price and volume action that I'm looking for in and the developing themes from the watchlist.

A number of Stage 2 breakouts in the weekend watchlist stocks. For example FLR which was highlighted in the watchlist on the 2nd March and the 7th March is one of the most interesting breakouts from a 43 week Stage 3 trading range with Cup with Handle type of pattern and almost 3x the average weekly volume on the breakout week and RS versus the S&P 500 at new 52 week highs.