[JimStudent]

1987, Dow Jones Industrial v NYSE breadth. Sadly no new high and new low data. The advance / decline line did fail to confirm the new high. However, if you were holding on for some more confirmation my goodness, wasn't that drop brutal.

Thank you for that Weinstein link. That is great a Weinstein insight.

[pcabc]

My market breadth charts

DJI & SP500 v NYSE:
       

FTSE100 and MIDD.L versus FTSE350 breadth (my calcs):
       

[isatrader]

It's been a little since I've posted the Nasdaq breadth charts. So see below for where they are at currently:

The Nasdaq Bullish Percent Index

       

Nasdaq Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages P&F charts

           

Nasdaq Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages line charts

           

Nasdaq Advance Decline Line

       

Nasdaq New Highs New Lows

       

[isatrader]

Here's the figures for the moving average breadth charts with comparisons over where it was in the last month.

Breadth continues to shows signs of Stage 3 with less than half of stocks above their major short, medium and long term moving averages, and a further deterioration over the last month.

[pcabc]

Breadth continues to shows signs of Stage 3 with less than half of stocks above their major short, medium and long term moving averages, and a further deterioration over the last month.

That must state dragging the indices down unless there is a powerful and sustained surge upwards very soon? (rhetorical)

[isatrader]

That must state dragging the indices down unless there is a powerful and sustained surge upwards very soon? (rhetorical)

Not necessarily. As the breadth can stay weak for a long time, but not always cause the market to rollover into Stage 4, as sometimes it's enough that the majority of stocks have had a significant correction while it's being held up by the few stocks doing well, and then the market continues on higher. But what breadth is especially useful for, is gauging risk. So with fewer and fewer stocks holding up the market at this point, the risk of Stage 4 is increasing, but not a forgone conclusion.

[isatrader]

Attached is the NYSE Bullish Percent Index and the NYSE long, medium and short term moving average breadth charts.

The NYSE Bullish Percent Index

       

NYSE Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages P&F charts

Note: All the moving average charts have moved into the lower zone. The long term 200 day is at the lowest level since 2011, and so only 26% of stocks are now above their 200 day MA's in the NYSE market.

           

NYSE Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages line 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 and the McClellan Oscillator and Summation Index.