Bullish breadth has been improving but is still well off the levels that would suggest broad participation in the U.S. equity market up trend. The average drawdown for the S&P 500 is in the high teens, and more stocks are trading below their 20-day moving average than above it.
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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