Todays post is a special feature looking at the Small Caps, as ahead of the FOMC on Wednesday, the Russell 2000 Small Caps ETF (IWM) is attempting to breakout into early Stage 2 (see above weekly and daily charts). Hence, with Stage Analysis its the perfect time to drill down into this area of the market, looking at the Small Cap sector Relative Strength, leading Small Cap stocks already in early Stage 2 or testing their Stage 2 level, and some of the market breadth stats from the group to get a broader picture of their internal health...

The market pulled back today at key resistance, with multiple market indexes testing their Stage 2 levels at the end of last week. The Fed meeting looms over the market this week, which will be a key driver as to whether the market breaks out into a potential early Stage 2 environment or fails once more and reverses lower – which was the pattern through 2022. So it could be a pivotal week...

The week had a strong start with the Semiconductors group ETF SMH breaking out into potential Stage 2, with many stocks from the group doing the same. NVDA, AMAT, MPWR, TER to name a few...

The Stage Analysis members weekend video featuring analysis of the early Stage breakout attempt in Bitcoin, and then the regular content with the major US Indexes, the futures charts, US Industry Groups RS Rankings, IBD Industry Groups Bell Curve - Bullish Percent, the Market Breadth Update to help to determine the Weight of Evidence and finishing with the US Stocks Watchlist in detail on multiple timeframes.

For the watchlist from the weekend scans...

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...

There were 35 stocks highlighted from the US stocks watchlist scans today...

Special feature video, focusing mainly on IPO stocks from the last three years that are either developing in the Stage 1 basing phase or already early in the Stage 2 advancing phase. As if the US market manages to move into early Stage 2 in the coming weeks/months, then the more speculative areas of the market, such as the IPO stocks, would start to get some interest...

Semiconductors was one of the main group themes from todays watchlist scans with a mix of late Stage 1 and early Stage 2 stocks highlighted. NVDA is the major large cap stock in the group and is moving above its 200 day MA...

The Stage Analysis members weekend video featuring analysis of the major US Indexes as many approach their Stage 2 levels. Followed by a look at the futures charts, US Industry Groups RS Rankings, IBD Industry Groups Bell Curve - Bullish Percent, the Market Breadth Update to help to determine the Weight of Evidence and finishing with the US Stocks Watchlist in detail on multiple timeframes.