The percentage of US stocks above their 150 day moving averages in the 11 major sectors increased by +5.49% since the previous post on the 4th December 2023, moving the overall average into the upper-middle of the chart at 57.14%, which is a very neutral+ position.

Stage Analysis members weekend video discussing the Major US Stock Market Indexes, Futures charts, Industry Groups Relative Strength (RS) Rankings, IBD Industry Group Bell Curve – Bullish Percent, the key Market Breadth Charts to determine the Weight of Evidence, Group Focus on the Gold and Silver Miners, Significant Weekly Bars, and the US watchlist stocks in detail on multiple timeframes.

There were 22 stocks highlighted from the US stocks watchlist scans today...

The IBD Industry Groups Bell Curve increased by +6.26% this week to finish at 52.38% overall. The amount of groups in Stage 4 (Weak) decreased by 26 (-13%), and the amount of groups in Stage 2 (Strong) increased by 17 (+8.5%), while the amount groups in Stage 1 or Stage 3 (Neutral) increased by 9 (+4.5%).

Custom Percentage of Stocks Above Their 50 Day, 150 Day & 200 Day Moving Averages Combined Market Breadth Charts for the Overall US Market, NYSE and Nasdaq for Market Timing and Strategy.

The purpose of the Relative Strength (RS) tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd...

Small caps led higher today, with +2.78% in the Russell 2000 index. But as you can see in the daily chart above. Although, it's made a new Stage 2 breakout attempt this week. It's not yet clear of the overhead resistance zone, that's limited it's progress on multiple attempts to move higher this year, and with todays follow on move...

Stage Analysis midweek video discussing of the major US stock market indexes following todays Fed rate decision, short-term market breadth measures, and the recent watchlist stocks on multiple timeframes.

The Nasdaq 100 closed at new 52 week highs for a second day this week, ahead of the key Fed interest rate announcement on Wednesday at 2pm Eastern time. It has continued to improve since its short-term breadth measures turned positive in early November, and recently recovered back into potential Stage 2, with a continuation attempt...

The Stage Analysis Technical Attributes (SATA) score is our proprietary indicator that helps to identify the four stages from Stan Weinstein's Stage Analysis method, using a scoring system from 0 to 10 that rates ten of the key technical characteristics that we look for when analysing the weekly charts.