Average Distribution: 57.57% (-3.05% 1wk)
- 32 Groups (16%) are in the Stage 4 zone
- 78 Groups (39%) are in the Stage 1 or Stage 3 zone
- 90 Groups (45%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve contracted by -3.05% this week, to close at 57.57% overall.
The amount of groups in Stage 4 increased by +8 (+4%), and the amount of groups in Stage 2 decreased by -14 (-7%), while the amount groups in Stage 1 or Stage 3 increased by +6 (+3%).
Therefore last weeks tentative move into the Stage 2 zone didn't hold, and it's pulled back below the key 60% level into Stage 1 territory once more. But remains in a borderline zone between the two Stages, and still with the bell curve weighted towards the positive side of the spectrum. So it is in the Neutral + range currently, with only minor negative changes in the overall Stages composition.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (3 February 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.