The Advance/Decline line seems a bit messy as the market has turned bearish (+0).

 The McClennan summation index has started going negative in late 2021 and is now firmly under zero. This is bearish (-1).

Just like the McClennan summation index, the NYSE New High/New Low index has gone negative in late 2021 and is now deeply negative (-1). There are no marked extreme values in recent history (+0). In the second half of 2021, there were several divergent peaks when compared to the NYSE composite, which is a bearish indicator (-1).

The percentage of NYSE stocks above their 200-day moving average has gone below the 50% threshold at the turn of 2022 and is now at 24 - very bearish (-1).

Finally, the Put/Call ratio of CBOE options has crossed above 1 (bearish) in mid-April and is now at 1.06 and heading up (-1).

The total score is -5 which is Very Bearish, as it has been since mid-February. This suggests the prudent option is to be all cash.

Market Breadth, Monday 23 August 2016

• EMA(10) of the A/D Line is showing no divergences in the peaks. There are no peaks. 0
• The McClennan summation index $NYSI is high and positive. +1
• EMA(10) of the New High/New Low line is positive at 191. Bullish. +1
• EMA(20) of the stock above their 200-day MA ($NYA200R) is at 77 and heading up, after crossing above 50 in early April. +1
• The EMA(20) of the Put/Call ratio line is at .945 and heading down after crossing below 1 on July 11. +1

Score: +4 

Volatility has been very low in the last 5 weeks.

High technical ranking and ovesold

Today's buys: RRC NS WSR
Tomorrow's watch: DBS SIVR SLV IHI IRM STJ CTAS DLR DVN CINF BTG AGI PVG TAHO RICE TRGP NGD SPN EGO WWAV CSC OCANF AROC ELGX SAAS HMSY
E buys:
watch:DBS SIVR SLV IHI
L buys: RRC
watch:IRM STJ CTAS DLR DVN CINF
M buys: NS
watch:BTG AGI PVG TAHO RICE TRGP NGD SPN EGO WWAV CSC OCANF
S buys: WSR
watch:AROC ELGX SAAS HMSY

High technical rankings and oversold.

APC DLR AGI RICE OCANF WWAV CSC YNDX BBG HLX

Market breadth, Monday 18 July 2016

• EMA(10) of the A/D Line is showing no divergences in the peaks. 0
• The McClennan summation index $NYSI is high and positive. +1
• EMA(10) of the New High/New Low line is very positive at 256. Last time it was this high was October 2013, and it preceded a 20% climb in the $SPX. +1
• EMA(20) of the stock above their 200-day MA ($NYA200R) is at 70 and heading up, after crossing above 50 in early April. +1
• The EMA(20) of the Put/Call ratio line is at .98 and heading down after crossing below 1 a week ago on July 11. +1

Score: +4 

Last week the main US equity market indexes started making new highs. 

Market breadth, Friday 29 April 2016

• EMA(10) of the A/D Line is showing a clear divergence in the peaks, early March and mid-April. -1
• The McClennan summation index $NYSI is high and positive. +1
• EMA(10) of the New High/New Low line is at 109, positive, since early March. +1
• EMA(20) of the stock above their 200-day MA ($NYA200R) is at 62 and heading up, after crossing above 50 in early April. +1
• The EMA(20) of the Put/Call ratio line is at 1.02 and heading back toward 1. Still negative but weak negative. -0.5

Score: +1.5

The general trend is up since mid-February but there are concerns after latest BOJ lack of stimulus. Oil heading up, gold in trading range.

Market breadth analysis, Tuesday 29 March 2106

1. A/D line is at 471, heading down and it shows divergence tops against the $NYSE. -1

2. NYSI is positive at 1011. +1

3. NYHL (EMA10) is positive and is at 112 (+1). No divergence (0). Net +1.

4. NYA200R (EMA20) is at 42 (still below 50), still heading up. -1.
5. CPC (50MA) is at 1.05 still edging down. -1

Score: 0

$SPX closed at 2055 after a possible bottom at 1812 five weeks ago. Has crossed above the 50-day MA. Has crossed above the 40-week MA (2011).

Overall trend seems to be negative. After a 5-week +13% rally, and MACD and RSI looking overbought, some pullback may be expected.