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Positive Breadth

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), IWM, QQQ, SPY

Summary

Long-term market Breadth data.

Short-term market Breadth data.

next week market Breadth outlook.

A week ago (https://seekingalpha.com/p/30qrf), we stated that market Breadth suggested neutral to Bullish week. This week was positive for the S&P 500, DJI while the Nasdaq 100 ended the week in red.

Current long-term Breadth numbers are showing following

73% of the S&P 500 (SPY) index listed stocks are bullish - 5% up from a week ago;
83% of the DJI (DIA) index listed stocks are bullish - 3% up from a week ago;
74% of the NASDAQ 100 (QQQ) index listed stocks are bullish - 5% up from a week ago;
63% of the Russell 2000 (IWM) index listed stocks are bullish - 2% up from a week ago;
61% of the NYSE index listed stocks are bullish - 1% up from a week ago.
Note: Bullish are stocks traded closer to their 52-week highs
source: Market Breadth Analysis

We see increase in the number of the Bullish stocks an all indexes. This is a signature of the long-term Bull market

Also, we recorded an increase in the number of bullish stocks on the shorter-term time-frames:

364 of the S&P 500 stocks are traded 200-day SMAs - 28 stocks up from a week ago - Bullish sentiment,
376 of the S&P 500 stocks are traded 120-day SMAs - 45 stocks up from a week ago - Bullish sentiment,
387 of the S&P 500 stocks are traded 50-day SMAs - 69 stocks up from a week ago - Bullish sentiment,
391 of the S&P 500 stocks are traded 20-day SMAs - 68 stocks up from a week ago - Bullish sentiment.
Source: Simple Moving Average - stock screener - stock scanner

Increase in the number of the Bullish S&P 500 listed stocks was recorded across all time-frames. This is a strong positive signal suggesting good odds of having a bullish week ahead of us.

Market Breadth charts from https://www.marketvolume.com/

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