Tag: market breadth

Short-term Breadth Update

What a difference a week makes. Last Friday (8/20) the $IWM had 18% of its components trading above the 4SMA while the $SPY had 15% and the $QQQQ had 25%. As of the close Friday (8/27) the Russell 200o shows 92%, S&P 500 came in with 88% and the Nasdaq placed with 83% of its

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Market Breadth Update

Thanks to your feedback I’ve decided to adjust what I’m posting regarding market breadth. In the graphics below you can see the ETFs I track and how they performed from week-to-week. I’m looking at three time-frames here with a short trend 9 SMA, a medium trend 50 SMA and a longer trend 200 SMA. These

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Market Breadth Update

The major indices put in a nice week and look poised to have a follow-through this coming week. If a follow-through occurs, the breadth will have made some higher highs as most indices are approaching 50% of their components trading above the 200 day moving average. Tech continues to lead the way so it will

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Market Breadth Update

A less than favorable end to the week for the bulls as the major indices took the elevator down on Friday. I guess the biggest news was the Russell 2000 (RUT) fell back into negative territory for the year. The Russell 2000 ($IWM) also took the biggest hit of the indices, as far as breadth

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Market Breadth Update

What a difference a week makes. The $DJIA was in the single digits as far as the number of components above the 200 SMA and now it stands at 40. Sure, volume wasn’t involved, but try telling that to those who held their short positions this past week. Next week has plenty of opportunities as

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Market Breadth Update

It is getting U-G-L-Y out there from both a price action and market breadth perspective. Lots of sectors and indices making new year-to-date lows in both price and breadth. With earnings season upon us it’s going to be an uphill battle for the bulls in the second half of the year. The DJIA is the

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Market Breadth Update

Quite the week for the markets as the $SPX and $INDU gave up the 200 SMA while the $RUT and $NDX held that level after testing for support. Check out my charts on Chartly to get a better feel for what I’m looking at.

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Market Breadth Update

June option expiration has come and gone and the markets have held their own as each of the major indices stayed above the 200 SMA. The biggest gainers for the past week were the Dow and the utilities sector ($XLU). The health-care ($XLV), consumer discretionary ($XLY) and consumer staples ($XLP) sectors were flat while precious

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Market Breadth Update

Not a bad week for the bulls as the 1066 weekly support held and the close was just off the highs of the week. There was a lot going on Friday (Parades, World Cup, Summer) and the volume was nearly non-existent, but that didn’t stop the grind higher. We enter options expiration next week so

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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

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