![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2023/05/technical-assessment-bearish-in-the-intermediate-term.png?w=640&ssl=1)
Summary
Market breadth, like the stock market, continues to offer a confusing picture that is dependent on the data series used. It is best when breadth is leading price to new highs, and also bullish when breadth is tracking price. When breadth is failing as prices rise, generally there is an internal warning that something isn’t right. While the current number of stocks above their 200-day averages is right down the middle, we are seeing a more-bullish story from the advance/decline lines of the major indices.
Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Source: finance.yahoo.com
Related posts:
Selling Your Stocks in May and Go Away Could Be the Best Strategy This Year
Stock market today: US stocks extend losses ahead of new inflation data
Tesla reports record Q1 deliveries as price cuts boost demand
Fed may need to pivot by early November, when ‘something breaks,’ says Guggenheim’s Scott Minerd
U.S Mortgage Rates Rise for a Seventh Consecutive Week