IBD Industry Groups Bell Curve – Bullish Percent

Average Distribution: 50.04% (-2.05% 1wk)

• 57 Groups (28.64%) are in the Stage 4 zone (Weak)
• 81 Groups (40.70%) are in the Stage 1 or Stage 3 zone (Neutral)
• 61 Groups (30.65%) are in the Stage 2 zone (Strong)

The IBD Industry Groups Bell Curve decreased by -2.05% this week to finish at 50.04% overall.

The amount of groups in Stage 4 (Weak) increased by 8 (+4%), and the amount of groups in Stage 2 (Strong) decreased by 6 (-3%), while the amount groups in Stage 1 or Stage 3 (Neutral) decreased by 2 (-1%).

The ratio of the amount of groups increasing in the Strong (Stage 2) zone versus decreasing in the Weak (Stage 4) zone declined this week, and there are now 1.07x as many groups in the Stage 2 zone than Stage 4 zone.

So the overall distribution has moved to a completely neutral position with the majority of groups in the middle range (Stage 1 or Stage 3) still, and only very slightly more groups in Stage 2 than Stage 4. Hence, a stock pickers environment.

To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (12 January 2024).

Below is the Bell Curve line chart and the data tables of the IBD groups bullish percent in order of relative strength and the position changes over the last 1, 2 and 4 weeks (Members Only)

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.