Stage Analysis Members Midweek Video of the Major Indexes, Short Term Market Breadth Charts and a detailed look at the US Stock Watchlist from today.

The S&P 500 and Nasdaq 100 both pushed down towards their recent lows that were put in on the 24th January on the local Selling Climax (SC) and are currently making a potential Secondary Test (ST) of that low. So how well defended it is will give further clues to the market condition. i.e. do they form a higher low and push back higher in their Stage 3 ranges, or do they undercut and rebound, but form a Sign of Weakness (SOW), or breakdown completely and move into a major Stage 4 decline.

Detailed video of the US stock market indexes, market breadth, industry groups relative strength tables and the stocks from the weekend watchlist.

Detailed Midweek video for Stage Analysis Members of the US markets, short term market breadth and the US watchlist stocks

This weekends watchlist is dominated by a few group themes with around third of the stocks from the precious metals groups as spot gold is approaching its Stage 2 breakout level once more...

There were 30 stocks for the US stocks watchlist today. Here's a small sample from the list: AIRS, EXPE, HOG, V, + 26 more...

There were 27 stocks for the US stocks watchlist today. Here's a small sample from the list: ZETA, PXD, NEM, GOL + 24 more...

22.97% (-0.68% 1wk); Status: Very Difficult Environment (Lower Zone)

20 year Nasdaq Composite chart with percentage of stocks above their 200 day MA, 150 day MA and 50 day MA underneath for comparison to past periods. Highlighted areas are when 200 day MA was below 30% level. Red line is current level in each.

This chart is completely unique. Not available anywhere else. Average at 47.50% (+1.84% 1wk). Closed just under its own 50 day MA and so I'm giving it a neutral status. It needs a strong close above the 50 day MA to change it to a positive environment.