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A different kind of watchlist this weekend, with the market testing the lows of the recent range that's formed over the last 4 months or so. There are lots stocks on the borderline between Stage 1 base structures and potentially continuing lower into Stage 4 once more...

The decline in the IBD Industry Groups Bell Curve – Bullish Percent average distribution continued this week, and finished the week at an extreme of 19.35%, which is decline of -12.02%, and the second lowest reading of the year. With a massive 185 (92.5%) of the IBD industry groups in the Stage 4 range, and only 15 (7.5%) groups in Stages 1 or 3, and zero (0%) groups in the Stage 2 range...

Custom Percentage of Stocks Above Their 50 Day, 150 Day & 200 Day Moving Averages Combined Market Breadth Charts for the Overall US Market, NYSE and Nasdaq for Market Timing and Strategy.

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...

Midweek review of the major US stock market indexes, sectors and leading stocks per group. Plus reviewing the stocks highlighted in the watchlist today.

With the Fed rate decision tomorrow, I thought it would interesting, as well as useful, to do a different type of post instead of the normal watchlist, that highlights 30 of the leading stocks using their Relative Strength (RS) score*, that have appeared in the watchlist since the beginning of August. But on a per group basis. So that there is one one result per group, to give us a broader view than just doing it on the RS score alone...

The S&P 500 attempted to begin to reverse from last weeks sharp decline, with an engulfing candle from Fridays undercut of the recent swing low within the broader range. So there is potential for a local spring, but only if it can follow through strongly...

The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors declined by -9.98% over the last week to close the week at 29.17%, which is back in the lower range in the Stage 4 zone. Only the Utilities and Energy sectors are in the 40% to 60% range in the Stage 1 / Stage 3 zone. However, no sectors are currently above 60%, and so there are no sectors currently in the Stage 2 zone...

Relative Strength (RS) comparison to the major stock market indexes with sectors, industry groups and also direct RS comparisons with other stocks, is a core part of Stan Weinstein's Stage Analysis method, and was described in detail in the classic book Stan Weinstein's Secrets For Profiting in Bull and Bear Markets.

The regular members weekend video discussing the market, industry groups, market breadth and individual stocks from the watchlist...