Average Distribution: 45.16% (-6.50% 1wk)
- 71 Groups (35.5%) are in the Stage 4 zone
- 96 Groups (48%) are in the Stage 1 or Stage 3 zone
- 33 Groups (16.5%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve declined by -6.50% this week, dropping back into the lower half of the Stage 1 zone (between 40% and 60%). The amount of groups in Stage 4 increased by +22 (+11%), and the amount of groups in Stage 2 decreased by -31 (-15.5%), while the amount groups in Stage 1 or Stage 3 increased by +9 (+4.5%).
Therefore, the overall distribution is still very much weighted towards the middle of the range, and hence the market remains in Stage 1 currently (based on this data).
To compare against last weeks chart go to: IBD Industry Groups Bell Curve – Bullish Percent (2 December 2022).
Below is the data tables of the 200 IBD groups bullish percent in order of relative strength and the position changes over the last 1, 2 and 4 weeks.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.