A lot of zeros in the Bullish Breadth column. Just about everything has been thrown out of this market leaving few stocks for investors to hide in. This week’s breadth note looks at the breadth of momentum data as well as small caps. Hardly any small cap stocks are still in up trend, hitting levels we haven’t seen outside of some pretty rough times (2008, 2020 and 2022). This doesn’t mean we see an immediate reversal. equities and specifically small caps remain under pressure.
Breadth Thrust Composite
A collection of multiple breadth thrust indicators based on different indices that incorporate price and volume to mark when extremely strong buying activity is taking place by the movement of individual stocks. When multiple of these thrusts occur in a short period of time, the reaction in the S&P 500 has historically been positive going forward.
Breadth Thrust Composite is at 0.
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