[isatrader]

Pre-market is green across the board currently. So set for another bounce attempt today.

Market Breadth is still on Defense with Difficult Environment status, so my focus is on how leading groups and stocks are acting.

   

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Leading stock $NET rolling over into an intraday Stage 4 breakdown attempt. Daily chart testing the 50 day MA, so could still find support, but weak RS compared to the market today, and another leading stock acting poorly to add to the list.

           

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$ASAN attempting to follow through to the downside below it's initial breakdown swing low

   

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$ZS with a Reversal Significant Bar bar today which is a change of behaviour, clearing weeks of price action in a day

   

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$BILL another recent leading stock breaking down strongly below the 50 day MA now. Another change of behaviour

   

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I'll do a focus on the damage in the leadership stocks in tonights members midweek video after the close.

   

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Hopefully the Weight of Evidence approach from Weinstein's method using the market breadth charts  that I talk through in the weekend videos has helped you all to avoid the bulk of the recent damage.

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$RBLX with a 2nd Reversal Significant Bar today

   

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$U has come off almost 30% since the Buying Climax (BC) following earnings. Back testing the 50 day MA in the channel. So a change of behaviour and hence potentially Phase A of a new base starting to form depending on how deep the Automatic Reaction (AR) is.

   

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$CRM now a failed Stage 2 after showing some promise from July to mid November. I think we can safely say that it's showing a change of behaviour today.