The Nasdaq 100 has continued to strengthen over the last few weeks with a lockout rally since the Shakeout / Spring and gap at the start of the month. The majority of this price action has occurred in the right hand part of the multi-month base structure so far, clearing two internal swing highs within the range – which is a Change of Character and hence potentially may be Phase D of a re-accumulation base...

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, and the US watchlist stocks in detail on multiple timeframes.

There were 24 stocks highlighted from the US stocks watchlist scans today...

The S&P 500 consolidated for a second day, following the significant gap up on the 14th, which broke it out of the three month downtrend channel convincingly. And so the short-term change of behaviour, has now progressed into a possible change of character, as the pattern of lower highs and lower lows has been reversed, with an initial higher high and higher low developing since the recent swing low in late October...

A special group focus on the Semiconductors group, which has risen back to the top of the industry group relative strength (RS) rankings in the last few weeks, as the group chart attempts to breakout out to new 52 week highs from the recent Stage 3 structure...

The US stock market exploded higher today, as Small Caps surged over +5%, with the Russell 2000 moving back to within -1% of its 200 day MA. But, the small caps weren't the only strong movers, as the rest of the major indexes all had strong follow through days, and the Nasdaq 100 (shown above) has moved within -1% of its 2023 highs (set on the 19th July) and so is approaching the top of its Stage 3 range...

Stage Analysis members weekend video covering the Major US Indexes, Futures Charts, Industry Groups Relative Strength (RS) Rankings, IBD Industry Group Bell Curve – Bullish Percent, Significant Weekly Bars, Crypto Coins update and the US watchlist stocks in detail on multiple timeframes.

There were 25 stocks highlighted from the US stocks watchlist scans today...

There were 19 stocks highlighted from the US stocks watchlist scans today...

The Stage Analysis midweek video discussing of the major US stock market indexes, short-term market breadth measures, Bitcoin and Ethereum updated analysis, and the recent watchlist stocks on multiple timeframes.