IBD Industry Groups Bell Curve – Bullish Percent

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Average Distribution: 50.73% (+1.56% 1wk)

  • 45 Groups (22.5%) are in the Stage 4 zone
  • 96 Groups (48%) are in the Stage 1 or Stage 3 zone
  • 59 Groups (29.5%) are in the Stage 2 zone

The IBD Industry Groups Bell Curve had a slight gain over the week of +1.56%. 

The amount of groups in Stage 4 decreased by -10 (-5%), and the amount of groups in Stage 2 increased by +9 (+4.5%), while the amount groups in Stage 1 or Stage 3 decreased by -1 (-0.5%).

The overall distribution of the bell curve is now slightly above the middle of the range, and so remains firmly in Stage 1 territory. So its position strengthened once more, with less groups in Stage 4 declines, and more groups moving into Stage 2 advances. But considered as a whole, it continues to remain very neutral at just over 50%, with the majority of groups distributed in the middle of the bell curve, and so to get to an overall Stage 2 position (bull market), it still needs to improve by over 9%, and then start closing regularly above the 60% level. 

But as discussed in previous posts, a move to Stage 2 isn't guaranteed, as Stage 1 can also return to Stage 4. So we still need to continue to stay alert for any signs of weakness. i.e. lots of failed Stage 2 breakout attempts would be a major red flag to look out for. So stay nimble, as although it's been improving, the market remains in a neutral Stage 1 position based on this industry group bullish percent data.

To compare against last weeks chart go to: IBD Industry Groups Bell Curve – Bullish Percent (13 January 2023).

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 (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.