The IBD Industry Groups Bell Curve – Bullish Percent had a strong negative shift of -16.97% this week and pushed to extreme levels in the Stage 4 zone with an average distribution in the 200 Investors Business Daily (IBD) Industry Groups of 18.81%.
- 188 Groups (98%) are in the Stage 4 zone
- 10 Groups (5%) are in the Stage 3 or Stage 1 zone
- 2 Groups (1%) are in the Stage 2 zone
Average Distribution: 18.81% (-16.97% 1wk)
The chart is now the most heavily weighted to the left of the bell curve during this Stage 4 declining phase with only a few groups (1%) remaining in the Stage 2 range, while the vast majority of the groups (98%) are now in the Stage 4 zone. So it is at an extreme reading which is rare and only seen in a deep Stage 4 decline in the market.
Below is the data tables of the IBD Industry Groups with the current Bullish Percent reading of their components.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.