Average Distribution: 60.62% (+5.80% 1wk)
- 24 Groups (12%) are in the Stage 4 zone
- 72 Groups (36%) are in the Stage 1 or Stage 3 zone
- 104 Groups (52%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve continued to expand past the middle over the last week by a further +5.80%, ending the week at 60.62%.
The amount of groups in Stage 4 decreased by -14 (-7%), and the amount of groups in Stage 2 increased by +23 (+11.5%), while the amount groups in Stage 1 or Stage 3 decreased by -9 (-4.5%).
The overall distribution of the bell curve has now moved into tentative Stage 2 territory with the further strengthening over the last week and close above the 60% level. So the trend of a decreasing amount of groups in Stage 4 and increasing amount of groups in Stage 2 continues, and it's the first time in more than a year that the distribution has been weighted towards the right of the bell curve, which indicates a more favourable environment for stocks currently.
It is still a tentative change however, and so further improvements in the data would give more confidence in the potential Stage change.
To compare against the previous blog post: 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.