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S&P500 versus Russell 3000 Market Breadth

   

We seem to be in a small pullback - does not show so well on this 2 year chart.

1. Price at all time highs.

2. Advance / decline is just (not clear on this plot) higher than the previous high of earlier in the year, advancing / declining volume is definitely higher.

3 & 4. New highs minus new lows are at about zero (actually slightly below), however, the cummulative line remains above its 100 day SMA.

5 & 6.  The Weinstein Momentum and similar 1% Advance / Decline remain positive, both falling with the former approaching the zero line.  The latter has more breadthing room.

7 - 10.  The McClellan oscillator and Summation indicies and volume counterparts are falling and below or near below zero.

11 - 13.  The % stocks above their 20, 50 and 200 day EMAs are all falling, more significantly on the shorter time frame.

14.  The Silver Cross Index has just rolled over around the 70% mark.

15.  The Gold Cross Index has shown an increase over the last six weeks.

Overall, despite the all time highs in the S&P500 breadth is pulling back somewhat.