2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat

3. Bitcoin S&P Pattern - Nadeem_Walayat

4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat

4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison

5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat

7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat

8.The Bond Trade and Interest Rates - Nadeem_Walayat

9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride

10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills

Last 7 days

President Dump Delivers BEAR MARKET - Stock Market Battles Between Order and Chaos - 7th April 25

Stocks Bull Market End Game Bear Start Strategy - 20th Mar 25

Gold and System Collapse: Charting the Bank Run of the Mighty US Dollar - 20th Mar 25

Tesla's Troubles — Is it Musk or is it More? - 20th Mar 25

The Stock Market Bear / Crash indicator Window - 9th Mar 25

Big US Tech Stocks Fundamentals - 9th Mar 25

No Winners When The Inflation Balloon Pops - 9th Mar 25

Stocks, Crypto and Housing Market Waiting for Trump to Shut His Mouth! - 27th Feb 25

PepeCoin (PEPE): Anticipating Crypto Reversals using Elliott Waves - 27th Feb 25

Audit the Fed, Audit Fort Knox, Audit Everything - 27th Feb 25

There Are Some Bullish Indicators in the Silver Market - 27th Feb 25

These Metrics Identify Only 10 AI Related Stocks That Are Undervalued - 27th Feb 25

Stocks, Bitcoin, Gold and Silver Markets Brief - 18th Feb 25

Harnessing Market Insights to Drive Financial Success - 18th Feb 25

Stock Market Bubble 2025 - 11th Feb 25

Fed Interest Rate Cut Probability - 11th Feb 25

Global Liquidity Prepares to Fire Bull Market Booster Rockets - 11th Feb 25

Stock Market Sentiment Speaks: A Long-Term Bear Market Is Simply Impossible Today - 11th Feb 25

A Stock Market Chart That’s Out of This World - 11th Feb 25

These Are The Banks The Fed Believes Will Fail - 11th Feb 25

S&P 500: Dangerous Fragility Near Record High - 11th Feb 25

Stocks, Bitcoin and Crypto Markets Get High on Donald Trump Pump - 10th Feb 25

Bitcoin Break Out, MSTR Rocket to the Moon! AI Tech Stocks Earnings Season - 10th Feb 25

Liquidity and Inflation - 10th Feb 25

Gold Stocks Valuation Anomaly - 10th Feb 25

Market Oracle FREE Newsletter

Subscribe Now

Will the US stock market’s worsening breadth matter?

Stock-Markets / Stock Market 2021 Jul 18, 2021 - 04:52 PM GMT

By: Gary_Tanashian

US stock market breadth is fading

The US stock market has bad breadth as participation thins out markedly. Below are a few examples.

Equal weight SPX is fading headline SPX per this chart which we feature occasionally in NFTRH but update the status of most weeks.

SPX new highs/lows is diverging the headline as well.

Let’s also take a look at the thinning out going on in big Tech as the headline powers higher.

Now take a look at the disgusting charts of mid caps and small caps. They are technically in roll over mode as long as they remain below the daily SMA 50 (blue), which is also starting to roll over.

The big names that everyone knows are doing the lifting, and that is not positive. It’s man and machine rotating into the perceived safety of the biggest of big Tech. Side note: I recently sold MSFT and AAPL (while hanging on to AMZN for now) because this is late stage signaling.

Sure, the Teflon Don (AKA the US stock market) could escape unscathed as it sometimes does after painting such obvious bearish divergences. But that does not mean the divergences are not there and have not in the past foretold bearish things to come. Add to that thin summer trading and if you’re not having at least some level of caution you’re a braver person than I.

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter ;@NFTRHgt.

By Gary Tanashian

http://biiwii.com

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Gary Tanashian Archive

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.