A different way to approach breadth is to look at the average daily return over a period. The charts below use a month to assess market strength over that period. Both the Dow & S&P 500 had their best January in the last 13 years. In fact, the SPY had its 17th best month of
Short-term Breadth Update
In case you were purposefully not watching the market today… there was a bit of a train wreck. Looking at the futures after hours and seeing the continuation of downside pressure thanks to Cisco ($CSCO). Who knows what will happen overnight, but Thursday could be another ugly day, at least until the knife catchers come