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The Composite Breadth Model turned positive and hit its highest level since January 2022. This means the weight of the evidence turned bullish for stocks. Narrowing yield spreads show increasing confidence

This page shows the current Market Regime using the Composite Breadth Model and the situation in the credit markets with yield spreads. These indicators are very different, but they go hand in hand when assessing the state of the financial markets.

Stocks surged in January and this surge pushed the Composite Breadth Model to a make or break level. The same goes for SPY and QQQ. The CMB was very close to turning bullish last week, while SPY and QQQ were close to breaking above their resistance zones

The Composite Breadth Model improved, but remains negative and the market is at a critical level. A critical level means we are at a moment of truth or a make or break point. One more push higher would turn the CBM positive and trigger a big wedge

2023 is starting with a bang as the high-beta groups outperform. High-beta groups are the same as risk-on groups and offensive groups. The 2022 leaders,

This is a short update covering the S&P 500 SPDR, a bearish breadth signal and two ETFs. Stocks were hit pretty hard on Wednesday with all sectors moving lower. In an interesting twist, the low volatility sectors, Utilities (XLU) and Consumer Staples

The Composite Breadth Model remains negative, but the market is quite split overall. The 5-day SMA for the S&P 500 is very close to crossing above the 200-day SMA, the percentage of stocks above the 200-day SMA is strong and yield spreads are narrowing. There was also a move

The stock market is quite mixed at the moment. The Composite Breadth Model is negative and the 5-day SMA for the S&P 500 is below the 200-day SMA. The percentage of stocks above the 200-day SMA indicators, however, are showing strength within the broader market because they are above 50%. SPY is nearing a moment

The Composite Breadth Model remains negative, but the breadth indicators show a split among stocks with roughly half above their 200-day SMAs and half below. The Fed balance

Stocks, bonds, the Euro and metals started the year with a bang. The S&P 500 SPDR (SPY) surged 2.3% on Friday and is up 1.42% year-to-date. The 20+ Yr Treasury Bond ETF is outperforming SPY with a 6.2% advance and the DB Base Metals ETF surged over

Today’s report will cover some seasonal patterns at work in the stock market. The Santa Claus Rally just ended on Wednesday and the eight day turn-of-the-month ends on Friday. Historically, these are short-term bullish periods. The fourth

The Composite Breadth Model turned negative on December 19th and remains negative as we start the new year. There are some pockets of strength within the S&P 500, but these are overshadowed by relative weakness in large-caps.

We start the New Year with a negative Composite Breadth Model and bear market environment. 2022 was the year of the whipsaw and largely a year to forget. Nobody knows that 2023 will bring, but the bear market environment indicate that risk remains above average for

The Composite Breadth Model turned negative on Monday and the Market Regime is back to bearish. 2022 was year of the whipsaw for the CBM, but whipsaw periods are normal for trend following models and part of the overall process. AAA spreads