This weeks Stage Analysis Members midweek video features a special on the searching for Stage 1 Bases in the Software Group, as numerous software stocks have been appearing in the watchlist scans over the last month or so and exhibiting a change of behaviour...

The S&P 500 gapped lower at the open, but rebounded from around its short term 21 day EMA early in the session and progressed steadily higher through the day to close near its highs at +0.95%...

The S&P 500 continues to digest the recent run up from the lows in a tight consolidation pattern (flag) with a higher high and a higher low than yesterdays bar today, but with a close at the lower end of the range.

This weekends Stage Analysis Members Video features Stage Analysis of the major crypto coins – Bitcoin and Ethereum on multiple timeframes. And then in the members only portion of the video the usual Forest to the Trees approach...

The majority of the major US market indexes all closed another week in Stage 4, except the AMEX, which continues to push towards new highs in Stage 2...

It was a strong day for the bulls with price closing near the high of the day after opening slightly lower and initially moving lower to test yesterdays low and short term 21 day EMA, before rallying higher for the rest of the day, creating a bullish engulfing candle on the daily chart...

Todays Stage Analysis Members Midweek Video covers the midweek update of the major US market indexes – S&P 500, Nasdaq Composite, Russell 2000 & the VIX. Plus the short term Market Breadth Update: Percentage of Stocks Above 20 Day MAs, Bullish Percent Index and New Highs - New Lows charts...

Stocks pulled back today, as we reached the end of May 2022, after a three day rally off of the recent tests of the lows in the broad market Stage 4 decline. But all the major indexes made higher lows from the previous day though...

This weekends Stage Analysis Members Video features analysis of some attempted Stage 2 breakouts on strong relative volume and some strong volume springs. Followed by the Major Indexes Review on Multiple Timeframes, and the IBD Industry Group Bell Curve - Bullish %, as well as the Industry Groups Relative Strength Rankings and groups on the move. I also cover the Market Breadth Charts in detail to help to determine the Weight of Evidence and then I finish with detailed coverage of the weekends watchlist stocks from the US stock market and IPO stocks update from the midweek video.

Software and Semiconductors dominated the weekend scans with strong rebounds in many in the groups over the last week or so, which have mainly formed as spring and test patterns within short term base structures in Stage 4...