Breadth Update 6/3/2025

Equity Performance Nearing Critical Level With Some Lag In Smaller Stocks

U.S. equity performance has continued to improve with stocks consolidating for a few weeks but showing signs of a possible breakout. This has been led by large caps but s/mid are showing signs of much needed life on Tuesday. Key breadth levels are close to being hit and participation has the potential to broaden out.

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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 has rolled back to zero with the latest set of thrusts falling out of the lookback period of the Composite.