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
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