Market Breadth Update

[isatrader]

There was no new breakouts today and and a further five breakdowns, which has moved the S&P 500 Cumulative P&F Breakouts - Breakdowns line below it's 20 day moving average (which I use as a signal line) for the first time since November. So this breadth measure moves to a sell signal. Attached are the charts.

[isatrader]

The very short term percentage of stocks above their 20 Day Moving Averages chart is bouncing around the middle of the range at 50.26% currently. But is still in a downtrend.

[isatrader]

The S&P 500 Cumulative P&F Breakouts - Breakdowns line recovered back above it's 20 day moving average during the week, and so moves to neutral until it either breaks above the swing high or below the recent swing low. Attached is the charts

[isatrader]

Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator, NYSE Volume Advancing / Volume Declining Ratio etc.

[isatrader]

Attached is the New Highs / New Lows set of charts

[isatrader]

Attached is the volatility breadth charts which the majority have now moved to a sell signal.

[isatrader]

Attached is the updated PUT/CALL ratio charts which have gone to a sell signal.

[isatrader]

Attached is the long, medium and short term moving average breadth charts and the NYSE Bullish Percent Index. The short term moving average breadth charts reversed back to a column of Xs and so averted the bear alert status that most were on last week, for the time being. But as you can see on the line chart, it's had a big pullback and is now well below it's own 50 day MA and the 70% level, and so a move below 58% would take it to a new Bear Confirmed signal.

A more concerning move this week was that the medium term NYSE Percentage of Stocks above their 150 day Moving Averages chart continued lower in it's column of Os and made high pole warning, and hence moved to Bear Alert status. And, so although the short term has rebounded a bit, it's concerning to see the medium term chart moving lower and so risk of a downturn seems to becoming more likely, even though there's a lot of green on the tables below.