May is done as we start a holiday shortened week in which we are still stuck in a range. So much going on in the world and here in the US that, bull or bear, you must admit the market has held up nicely. In fact, when comparing last week’s breadth, a majority of the
Market Breadth Update
Quite a week as both the $SPX and $INDU broke through their 50-week simple moving averages. Breadth (percentage of stocks above 200 SMA) took one on the chin in every single index and sector that I follow. I’ve decided to include a quick synopsis of the damage in the chart below. You can see that