Weekend update of the major US stock market indexes and indicators. A weekly look beneath the surface of the US stock market, featuring the key market breadth charts for timing trading stocks and the stock market indexes, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc and some custom breadth indicators of my own in order to determine what the "Weight of Evidence" is suggesting in terms of the US stock market direction and how to allocate your money.

The NYSE Bullish Percent Index, sometimes referred to as the head coach closed just below the key 70% level for the first time since the breakdown in early 2018 this week. So although it's moving towards the upper zone, it's not yet oversold by any means, and the Nasdaq is in a similar position just below the key 70% level also.

The Sector Average is at 72.21% currently and gained +4.20% since last week with Utilities having the largest gains by a long way this week. Followed by Consumer Discretionary, Consumer Staples and Technology.

Updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns. +296 net breakouts - breakdowns for the week

Attached is the latest US New Highs - New Lows Charts. Note the large move in the NYSE New Highs at the end of the week which was the largest daily amount since 2010.

Updated NYSE and Nasdaq Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.

Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health.

Each week I look beneath the surface of the US stock market, and go through the key market breadth charts, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc and some custom breadth indicators of my own in order to determine what the Weight of Evidence is suggesting in terms of the US stock market direction.

Updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.

Updated US New Highs - New Lows Charts