Friday saw a large amount of strong moves in the more beaten down areas of the market, with short covering type moves on volume in numerous stocks. Which reversed the Bullish Percent Index column to Xs in the majority of the Software IBD subgroups and Semiconductor groups in the lower zone, and hence changes their P&F status to Bull Alert...

A very small list again today as the major Stage 4 decline in the market continues. There are a few group themes today with Specialty Chemicals and Electrical Components having multiple entries.

This weeks Stage Analysis Members Midweek Video features analysis of the major indexes Stage 4 declines and the VIX. Plus a detailed look at the mega caps stocks with AAPL (Apple) attempting to breakdown in Stage 4 today and join the other large cap stocks already in Stage 4...

Golds brief move into Stage 2 in February and March looks to have failed with it moving strongly back into the previous Stage 1 base and through two support levels, and looks to have formed potential UTAD and Test events, which could shift the interpretation of the broader base structure from an Stage 1 accumulation structure to still being in a Stage 3 distributional structure...

It was another day of heavy declines in the US stock market from the open, which further deteriorated into the later part of the trading day, as the major large indexes, such as the S&P 500 finally broke down more convincingly below the lows that it had been clinging onto, and hence now is more clearly in Stage 4 on the chart...

This weekends Stage Analysis Members Video features analysis of the multiple Stage 2 breakouts and significant bars. Market analysis of the major indexes, US Industry Groups Relative Strength tables. The market breadth update to help to determine the weight of evidence. US stocks watchlist and finally a look at some of the most interesting stocks with earnings this coming week.

Another big week of earnings coming up with 977 stocks reporting according to Earnings Whisper. Here's a few of the stocks of interest to watch for potential reactions in both directions.

Multiple stocks making Stage 2 breakouts to new highs and some in Stage 3 showing a change of behaviour following earnings with Significant Bars.

For the watchlist from the weekend scans...

The stock market indexes (S&P 500, Nasdaq 100 and Russell 2000) flipped back lower today, with the potential Secondary Test (ST) that I mentioned in yesterdays post occurring extremely quickly, as the market makers inflicted maximum pain on the people that rushed to buy on the Fed news on Wednesday.