Free charts and backtesting of over 500 stock market indicators, including breadth, put/call ratios and volatility

Market Commentary »

There has been much talk about the health of the current stock market rally, so let’s see what market breadth is telling us.

Short-term market breadth shows that the market is very overbought. This is clearly visible when we examine the number of S&P 500 stocks above their 5, 10 and 20-day moving averages. However, the 50-day version of this measure of breadth is still neutral, suggesting that we could see a continuation of the current rally after a short-term correction.

No one knows for sure whether this rally is the beginning of a new multi-year bull market or not, but chances are it isn’t.

market breadth


Both comments and pings are currently closed.

Comments are closed.

Select a Stock Index:  VS Indicator:   Indicator Smoothing:  Range:  Theme: