Weekend update covering the major indexes, market breadth, industry group relative strength tables and the weekend US stocks watchlist...

Overview the key market breadth charts that we follow in order to determine the Weight of Evidence, which guides our strategy and risk management.

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

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...

The major indexes had a reasonably strong week with outperformance in the S&P 500 once more, while the Nasdaq Composite and Russell 2000 lagged. But most ended with squat candles. So there was some signs of weakness in the final hour on Fridays session.

Introduction to Stage Analysis - Members service, Stock Market Overview, Major Indexes & Sectors, Industry Group Relative Strength, Market Breadth Charts (Percentage of stocks above their key MAs, Bullish Percent Indexes, Advance Decline Lines, New High New Lows, Cumulative P&F Breakouts - Breakdowns, Stage Analysis Technical Attributes (SATA) scoring system and the US Watchlist Stocks in focus - ASAN, MDB, DOCU, CRWD, PYPL and many more...

Potential Major Market Breadth signal that the Bull market is still only just beginning. The 80%+ level has only been reached twice before in June 2003 & August 2009 as you can see attached. So although in the upper risk range. A major sign of strength.

Stock Indexes continued higher for another week, with small caps showing the most strength, as a number of the previous leaders struggled. But some laggards got a boost, so are we seeing some rotation into the weaker areas of the market.

The indexes had a strong week, after a few weeks of indecision, with the Nasdaq indexes making new weekly highs, but the majority of other indexes didn't manage to clear the previous weeks highs although they did close strongly on Friday.

Many of the short term market breadth indicators continued to gain strength and multiple are now on bullish signals. However, the medium and longer term signals mostly remain on bearish signals, with some struggling to make much headway from their extreme low levels such as the NYSE percentage of stocks above their 150 day moving averages and the cumulative new highs new lows for example.