Market Breadth Data

Sunday, July 05, 2015

$SPY First Half of 2015 Update

Of all the major averages only the DJIA is trading below the close of 2014:












Sentiment readings more or less reflect the 50/50 split pre-election polls in Greece and suggest that traders are hesitant but not panicky ahead of the OXI/NAI vote:


Tuesday, June 30, 2015

$SPY Trend and Momentum

There's a big gap just below current weekly support levels. The momentum indicator is already at exhaustion levels:


$SPY Bounce

The question now is whether those who panicked yesterday will be left out in the cold or will this correction run a tad longer:





Market breadth parameters indicate that the pendulum has swung back and the mo-mo crowd, after lingering at the top, is almost completely out:
















And Greece is still broke.