In this weeks Stage Analysis Members video we look at the in-focus group – Biotechnology, which has been showing a lot of relative strength in the short term as it attempts to rebound from a deep Stage 4 decline back into potential Stage 1, and look at a few of the strongest stocks from the group.
Then in the members only content we go through the Major Indexes charts of the S&P 500, Nasdaq Composite, Russell 2000 and also talk about the IBD 50 chart in comparison. Following this we discuss the US Industry Groups Bell Curve, which is an exclusive chart to the Stage Analysis website, and then look at the groups on the move in the US Stocks Industry Groups Relative Strength Rankings.
The Market Breadth update is used to determine the Weight of Evidence, with multiple breadth charts covered and analysed, and then a look at a few of the weeks higher quality Stage 2 breakout attempts and stocks approaching breakout levels, and then finally a look at the watchlist stocks and groups themes developing.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.