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.

Consumer Discretionary and Technology stocks led today, boosting the Nasdaq 100, which has more than half of its stocks in those two sectors, and it's now pushing up to test the October pivot high, with 77% of its stocks currently above their 20 day EMA, and 54% above their 50 day MA, and 60% above their 200 day MA. So, although the Nasdaq 100 is technically in Stage 3 (i.e. within a distributional range), it is showing a positive short-term change of behaviour...

The Stage Analysis members weekend video begins with a look at some of the weeks significant bars in individual stocks, after a huge change of behaviour in the broad market. Followed by the regular weekend content of the Major US Indexes, the Futures Charts, Industry Groups Relative Strength (RS) Rankings, IBD Industry Group Bell Curve – Bullish Percent, and US watchlist stocks in detail on multiple timeframes.

There were 29 stocks highlighted from the US stocks watchlist scans today. I'll discuss the watchlist stocks and group themes in detail in the members weekend video, which will be posted later on Sunday.

The S&P 500 moved higher for a fourth day, and put in a second Follow Through Day (FTD) in a row, which is a CAN SLIM method term, that is used for identifying a potential short-term change of trend. This was also seen in the other major US indexes...