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.

I talked in yesterdays members video about the constructive pullbacks in the strong RS groups and highlighted some group themes in Coal, the Oil Groups, Aluminium, Gold Mining, Uranium, Non Ferrous Metals, Fertilisers / Potash, Steel and a few others...

Members midweek video covering the market and watchlist stocks...

Todays watchlist had a number of group themes, but the overall theme was pullbacks in strong RS groups which I talk about in the midweek video...

Stocks attempted to rally intraday, but it faded into the close with the major indexes all moving back down towards the recent 24 February low, and so looking through the weekly charts of the S&P 500, NYSE, Nasdaq Composite and Nasdaq 100; they are all making potential Stage 4 breakdown attempts. So a pivotal point for the US markets this week.