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The major US stock markets continued to pullback sharply today, with strong follow through on the downside in laggard groups, such as Semiconductors that I mentioned previously. Most of the indexes remain in the upper half of the recent trading range though, and are testing both their short and long term MAs, with closes below the 21 day EMA in the Nasdaq and Russell 2000...

Semiconductor group was hit again today with many stocks in the group dropping back below their 50 day MAs again. So the group is in danger of falling into Stage 4 if the weakness persists, as the weekly chart failed at the now declining 30 week MA last week and the relative strength versus the S&P 500 is making new lows ahead of the price action...

The laggard groups were in control again today with strong moves in the majority of the weak RS groups lead by the Communication Services, Consumer Discretionary and Technology sectors, which helped the Nasdaq Indexes to move back towards the top of the range...

In this weekends members video I discuss the Stan Weinstein Interview on Twitter Spaces, as well as the regular content of the Major Indexes, Sectors Relative Strength Tables & Charts, Industry Group RS Tables and Themes, Market Breadth: Weight of Evidence, 2x Weekly Volume Stocks and the US Watchlist Stocks in detail.

Listen to a Q&A with Stan Weinstein that was done on Twitter Spaces on Saturday 2nd April 2022 by George Noble. Which is an in-depth discussion with Stan on parts of the method, current themes etc. The best interview since the Financial Sense interview series back in 2011-13.

There were 54 stocks for the US stocks watchlist today. Here's a small sample from the list: BTU, RES, GFI, LNTH + 50 more – which I go through in detail in the Stage Analysis Members Weekend Video - 3 March 2022 (1hr 24mins)

Custom Percentage of Stocks Above Their 50 Day, 150 Day & 200 Day Moving Averages Combined Market Breadth Charts for the Overall US Market, NYSE and Nasdaq for Market Timing and Strategy.

The purpose of the 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...

A strong pullback at the end of the day in the US stock market, which dropped the indexes back into the recent ranges. The Nasdaq Composite for example (see above) has formed an Upthrust (UT) at the top of the range, and todays sharp drop saw it close around an area that has acted as support and resistance on multiple occasions in the last year. So it is a potential level of interest to see how it reacts against in the coming days.

Todays video covers the Major Indexes, Short term market breadth, Bitcoin and Ethereum's Stage 2 attempt on the daily timeframe and the US Stocks Watchlist. I also spend the first 13 mins talking through how to use the watchlist based on the methods entry points and important cookie updates that break videos if they are not selected. So make sure that you accept them to be able to view the videos, as Vimeo videos only play once they are accepted.