Breadth
The Bond Bull And The Dollar
Surging bond prices in Europe have opened a yield gap with the U.S. This premium favors more dollar strength in the coming months. In equity markets, the short term volatility in the dollar is a mildly bearish signal.
Boring Is Best In The Forex Markets
Statistically, stocks perform a bit better in an environment of dollar strength than dollar weakness. The best stock market action, however, occurs when there’s relative calm in the forex markets.
A Catalyst For Energy?
While a new secular bear market in commodities commenced in 2011, we still look for tactical opportunities in commodity-oriented stocks to arise from time to time.
Gold Set To Tumble Again?
Gold market fundamentals appear superficially bullish...
Market Internals—Breadth Weakness Troubling But Not Dire
Remember that peaks in market breadth tend to lead peaks in the S&P 500 by at least a few months.
Market “Externals” Versus “Internals”
The breadth of new market highs across multiple market indexes illustrates beyond a doubt that the stock market is “externally” in gear, but some analysts contend the market is showing “internal” signs of weakness.
Small Cap Weakness Is Not A Market Death Knell
With Small Cap stocks falling to an 11-month RS low while the DJIA hits a new price high, many technicians point to this divergence as evidence the dangerous "distribution" period is underway. We're not so sure.
Stock Market Observations
DJIA eclipsed its year-end closing high; Dow Transports still strong; NYSE A/D Line hits all-time high.
U.S. Markets See Uniform Strength, While The World Seems Fractured
Based on the historical percentages, the bull market should have a minimum of four to six months of life left. But the market has a way of throwing sand in the gears when you think you’ve begun to understand its internal mechanics.
Too Early For The Top?
January’s new breadth highs suggest new bull market price highs are likely some time in the next several months… but they can’t rule out a painful February.
Little To Complain About
From a pure price action perspective, it’s difficult to find cracks in the bull market’s edifice.
Market Internals: The Good And The Bad
Leadership isn’t warning of impending weakness in either the U.S. economy or the stock market. Market breadth, on the other hand, is highlighting risks that aren’t evident when inspecting leadership alone.
Major Trend Moves To Neutral, But Not All Hope For The Bulls Is Lost
Deteriorating Technicals drove the move to Neutral, but a new positive reading in the Attitudinal category gives some hope to the bulls.
Technical Glitches
This summer’s rally has taken stocks to the brink of another bull market high, but it has not been an all-inclusive affair. While the NYSE Daily Advance/Decline Line has remained healthy, other technical indicators have not.
An “Old” Bull Market… That Should Get “Older”
The bull market is increasingly showing signs of advanced age, but that is only to be expected for a move that now measures 40 months off its March 2009 low.
Yet Another Breadth Blastoff
Another breadth blastoff gives us reasons for optimism that our bullish predictions for the end of the year will hold.
A Thinning Of The Ranks
Market breadth has weakened considerably, which has historically been a big negative for stocks. However, the lead time between peaks in market breadth and eventual bull market peaks are long and variable.
Be A Buyer In An October Scare
Following a strong September, October may be a little weaker. However, readers should use any October scare to buy equities in anticipation of strong end to 2009.
Reasons To Own More Stocks
Looking for reasons to own more stocks? Doug Ramsey has a whole bunch of them.
Momentum/Breadth/Divergence Category Moves To Negative Ground
With this category now breaking into negative territory, we thought it would be interesting to look back at the other periods when the Momentum/Breadth/Divergence category shifted from a positive net reading to negative.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
