IBD Industry Groups Bell Curve – Bullish Percent
The full post is available to view by members only. For immediate access:
Average Distribution: 31.19% (-7.33% 1wk)
- 151 Groups (75.5%) are in the Stage 4 zone
- 38 Groups (19%) are in the Stage 1 or Stage 3 zone
- 11 Groups (5.5%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve declined for a sixth week losing a further -7.33% to finish at 31.19% overall.
The amount of groups in Stage 4 increased by 41 (+20.5%), and the amount of groups in Stage 2 decreased by 16 (-8%), while the amount groups in Stage 1 or Stage 3 decreased by 24 (-12%).
The continued decline this week has shifted the average distribution further to the left of the bell curve, and is now heavily weighted in the Stage 4 zone (below 40%), and hence the bell curve continues to be in negative territory, which indicates a difficult trading environment.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (10 March 2023).
Below is the data tables of the IBD groups bullish percent in order of relative strength and the position changes over the last 1, 2 and 4 weeks (Members Only).
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.