Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps
Here's the overview charts of the US Bullish Percent and Moving Average Breadth.
Note: This week saw minor pullbacks in most of the major indexes except for the small caps, which confirmed it's Stage 2 breakout from the previous week with a follow through week. The rest of the major indexes remain in Stage 3 imo, but in a bullish phase within Stage 3, as they are yet to make moves above those February/March highs that define the top of current Stage 3 range imo. So hopefully the positive improvements in the market breadth "weight of evidence" will continue, and then maybe we'll see more of the major indexes move back into the Stage 2 advancing phase. But with most in Stage 3 still, it remains a traders market, so as always, minimise risk, and only look for those A+ candidates on either side of the market.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.