[isatrader]

Here's the weekly overview charts of the NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth.

Note: This week saw breakouts from the recent Stage 1 consolidations in a number of the indexes. The percentage of stocks above their 150 day moving averages is now in neutral and bullish positions in the indexes with the S&P 500, Nasdaq 100, Dow 30 and NYSE all with more than 70% of stocks above their 150 day moving averages now, which is Stage 2 breadth levels for those indexes. 

                       

[isatrader]

Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.

Totals for the week:

+500 double top breakouts
-114 double bottom breakdowns

+386 net breakouts - breakdowns

Note: The cumulative line clearly moved back above its recent highs this week, and so is back to a risk on signal by this breadth measure.

                           

[isatrader]

Below is the Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health. Also attached is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market.

Note: the overall sector average is at 62.55% (Stage 1 / Stage 2) currently and gained +8.20% since last week, with Industrials, Financials and Energy having the largest gains.

       

[isatrader]

Attached is the updated NYSE and Nasdaq 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.

                                       

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Attached is the updated US New Highs - New Lows Charts

               

[grbaNT]

Attached are the updated charts of the RABWDB Indicator, Individual Phases, SP500 RABWDB, SP400 RABWDB and SP600 RABWDB.

To learn more about the indicator go to https://dg-swingtrading.blogspot.com/sea...bel/RABWDB

[grbaNT]

Attached are the updated charts of the US Stock Market Survey Indicator, Individual Stages, SP500 Survey, SP400 Survey and SP600 Survey.

If you want to read my commentary, please go to https://dg-swingtrading.blogspot.com/sea...e%20Survey

[isatrader]

Here's the weekly overview charts of the NYSE, Nasdaq, S&P 500, DJIA, Nasdaq 100 & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth.

Note: The large cap indexes are approaching their previous highs and the breadth is near the top part of the range in those indexes, whereas the broader indexes still have room as are only just moving past their mid ranges, which looks due to the lag in smaller cap stocks recoveries. So we could see some volatility again as bears try to force the market back down again. If that turns out to be so, then it would be constructive imo for the bull case to see some sideways/pullback action in the large caps for a month or so, and then some rotation into the small caps instead. But as always the daily US watchlist will give a guide as to what stocks/sectors the volume is flowing towards, or not, if the bears manage to take control again.

                       

[isatrader]

Attached is the updated US New Highs - New Lows Charts

Note: This week saw the first significant expansion in new highs in the NYSE since the Stage 4 decline.