[isatrader]

Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.

Note: these are now posted weekly on the front of the site in the blog here: https://stageanalysis.net/blog/category/market-breadth

Totals for the week:

+654 double top breakouts
-300 double bottom breakdowns

+354 net breakouts - breakdowns

Note: The Cumulative P&F Breakouts - Breakdowns chart made a new 52 week high this week, after spending the majority of the year in a defined sideways Stage 1 range. The breakout is still only just above the range, and so like the markets it's only a fledgling Stage 2 breakout, and may yet fall back again. So caution still seems like the most sensible strategy currently with some test buys and tight risk control imo.