[isatrader]

Attached is the up to date S&P 1500 Cumulative P&F Breakouts - Breakdowns charts

                       

[isatrader]

For speed purposes tonight here's the consolidated breadth charts for the NYSE and Nasdaq bullish percent and moving average breadth indicators, to give a snapshot view of the current stage of each market.

       

And below is the 10 year charts of both markets so you can compare the relative positions of the breadth indicators.

       

[pcabc]

Mining stocks.

I've noticed on my breadth chart of European miners versus an arbitrary set of mining stocks shows a bullish divergence on the advancing / declining volume ratio.
   

If mining stocks recover not sure we should go against the general market trend (No!) but it is interesting nevertheless.

[pcabc]

Mid week market breadth

US:
       
       
       

UK:
My calculations
       

Gold:
My calculation
       

Bit puzzled by the sharply dropping advance / decline and advancing / declining volume ratio verus the peak in gold / gold miners. I wonder if there are a significant minority of breaking out stocks versus a larger number of laggards? Still, on the advancing / declining volume ratio we've not yet made a new low.

[pcabc]

End of week market breadth

US:
       
       
       


UK:
My calculations.
       
   

Gold:
My calculations:
       
The advance/decline line is shooting downwards but I do recall the book stating this is normal at the end of a decline. The adv/dec volume ratio, which I previously stated had diverged, is shooting down again. I'd hope that gold / gold miners have not been a flash in the pan.

[isatrader]

Gold priced in Pounds is attempting to make a monthly Stage 2A breakout and is currently at top of a massive two year base and back above it’s 30 month MA.

Relative performance vs the S&P 500 is back above it’s zero line for first time in four years.

   

[pcabc]

Gold priced in Pounds is attempting to make a monthly Stage 2A breakout and is currently at top of a massive two year base and back above it’s 30 month MA.

Relative performance vs the S&P 500 is back above it’s zero line for first time in four years.

Hopefully this rebuts my observations about gold miner market breadth. I do sometimes wonder if there is an issue with my code. However, my FTSE350 charts seem to match the ones you post for the wider UK market with some expected variations.

[isatrader]

Here's the weekly charts for the NYSE, Nasdaq and S&P 500 with the bullish percent and moving average breadth indicators for a quick breadth overview, which is still in the lower end of the scale for virtually all the measures.