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Market Breadth Sentiment update

|Includes: SPDR S&P 500 Trust ETF (SPY)

The past week was basically flat and it negatively affected the Breadth data. As of Friday, December 16th of 2016:

77% of the S&P 500 index listed stocks are bullish (2% down from as a week ago);
93% of the DJI index listed stocks are bullish (3% up from as a week ago);
80% of the Nasdaq 100 index listed stocks are bullish (3% down from as a week ago);
77% of the Russell 2000 index listed stocks are bullish (1% down from as a week ago);
68% of the NYSE index listed stocks are bullish (2% down from a week ago).
Source: http://www.marketvolume.com/quotes/highlowrangechart.asp

While the Bullish Breadth sentiment weakened, it is still remains strongly bullish. This weakening is not strong enough to consider any damage to the long-term sentiment - long-term Bulls are strong.

Past week brought us the FED's increase rate which could be possible reason of the up-move halting and side-way trading we had. However, it does not look like it gave us a lot of damage. When we look at the short-term Breadth data, we still see the dominance for the Bulls on all timeframes. As of Monday, December 20th of 2016:

325 of the S&P 500 stocks are above their 200-day SMAs,
312 of the S&P 500 stocks are above their 120-day SMAs,
363 of the S&P 500 stocks are above their 50-day SMAs,
346 of the S&P 500 stocks are above their 20-day SMAs.
Source: http://www.marketvolume.com/stocks/filter.asp?s=ma

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.