It was a strong week for the major stock market indexes with multiple stock index charts closing the week with a bullish engulfing candle pattern.

The stocks markets indexes and individual stock charts continued on tear lower this week, in deep Stage 4 territory for most. The bounce at the end of last week suckered in more people, only for the markets to rip lower again this week. Closing this time near the lows of the week.

The stock market saw another week of heavy selling, taking multiple indexes down to extreme levels, with liquidation type selling across the board, even in previous safe havens such as treasuries and spot gold. Although there was some respite with a strong relief rally on Friday at the end of the day, recovering around 10% in some of the major indexes.

Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health.

Another strong net negative week for the point and figure double top breakouts - double bottom breakdowns

VIPS - showing strong relative performance with a Stage 2 continuation breakout attempt to new 52 week highs on a heavy down day in the market.

For the watchlist from Wednesdays scans of the US stock market - BLU, CLX, CPB, EHTH, NTRA

Gold are stocks dominating the watchlist again today as spot gold made a strong move retaining it's Stage 2 status, and is back near to the highs again

This weeks moves in US stock market indexes and individual stocks confirmed what the market breadth indicators have been warning over the last month. However, the pullback has been much sharper than anyone could have predicted and so it looks like we've put in at least a medium term top imo...

Gold stocks dominated the weekend scans with volume coming into multiple stocks in the precious metals miners, and so per the "Forest to the Trees" Approach in Stan Weinstein's Stage Analysis Method, we should be focusing in on the sector and looking for the strongest stocks for potential trades if they are setup right.