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As I highlighted at the weekend, the leading large cap stocks where in position for potential breakouts, and we got that today with the big FAANG names such as AAPL & AMZN and more making strong moves from their recent bases on strong relative volume, while the leading mid cap stocks mostly took a breather on lower volume. So with the strong market breadth, the Weight of Evidence is learning towards the bullish side again.

The weekend scans mostly produced a mix of leading large cap stocks and numerous gold miners, as the majority of leading tech stocks have already broken out over the last weeks. But if the large caps can join in, then would be good for the overall market, as well as the exceptionally strong market breadth we've seen this week. With the highest MA breadth reading of the year, and the financials finally joining the rally, with over 2/3rds now above their 150 day (30 week) MAs.

For the watchlist from Thursdays scans - AES, AOS, APHA, ATEC, AXNX, BCLI, FNGU, IRBT, JMIA, KNDI, MTH, TSLA, TW

For the watchlist from Wednesdays scans - AMGN, AMZN, CRM, CRNC, CRSP, CTSH, ELF, FUTU, GPRO, GRWG, GSX, NFLX, NIO, TNDM, TSM, WIX, YETI

For the watchlist from Tuesdays scans - AAPN, BABA, BILI, BILL, LPSN, MDB

For the watchlist from Mondays scans - ADBE, AMD, AOSL, BE, BLDP, CHGG, HOME, LL, LTHM, MRVL, NFLX, OKTA, PYPL, QCOM, SCPL, SNPS, TSM

For the watchlist from the weekend scans - AQB, AVTR, BILL, BLDR, BYND, CELH, CHWY, CRWD, CYRX, CYTK, DDOG, FSLY, MDB, NET, NIO, NUS, OKTA, OTRK, PLUG, PYPL, SPCE, STNE, TWLO, UBER

A lot of constructive looking second stage base patterns continue to form during the market correction, and numerous leading stocks are near to or breaking out early with Relative Strength at new highs.

For the watchlist from Wednesdays scans - BABA, BE, BGFV, CCC, CELH, DDOG, DOCU, HUBS

For the watchlist from Tuesdays scans - APPN, AXNX, AXTI, BILL, BYND, CRM, NIO, SHOP