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Breadth

Nov 05 2007

Bad Breadth Is A Global Concern

  • Nov 5, 2007

Bad breadth is a global concern. It may come as a surprise that foreign breadth is actually weaker than U.S. readings.

Aug 05 2007

A Sudden Case Of Bad Breadth

  • Aug 5, 2007

Deteriorating stock market breadth was one of the factors contributing to the overall decline in the Major Trend Index to Negative status. An examination of the current Advance/Decline Lines shows the fade is continuing, and is particularly prevalent in the small cap indices.

Mar 05 2007

Breadth & Leadership: Bull Markets Rarely (S)Top On A Dime

  • Mar 5, 2007

Market breadth moved down in tandem with stock market indices, but is not showing any divergences. All advance/decline lines were making new highs just before the downturn, and bull markets do not end with advance/decline data posting new highs.

Feb 05 2007

View From The North Country

  • Feb 5, 2007

Doug Ramsey steps in as guest commentator in this month’s “View From The North Country” to highlight what we currently see as the bullish arguments for the stock market and contrast those with the bearish arguments.

Sep 05 2006

Breadth Is Lagging…..But It Can Lag For a Long Time Before The Market Rolls Over

  • Sep 5, 2006

Market breadth improving, but still relatively weak. Narrowing breadth can, however, persist for a long time. There was a two year period of diverging breadth in 1998 to 1999, prior to the last bear market.

Dec 04 2005

November’s Rally Accompanied By Weak Market Breadth

  • Dec 4, 2005

The market rally in November, which carried many indexes to new highs, was not as broad-based as we like to see, but Breadth did improve some later in the month.

Apr 05 2005

Narrowing Of Breadth Among Small Caps

  • Apr 5, 2005

Leuthold Group specialized Advance/Decline Lines indicate fading breadth among Small Caps.

Mar 05 2005

Small Cap Breadth Deterioration…..A Transition To Large Cap Leadership?

  • Mar 5, 2005

Still think Small Caps have leadership position over Large Caps, but it is getting more difficult.

Oct 05 2004

Stock Market Breadth Continues To Be Impressive

  • Oct 5, 2004

Market breadth using Advance/Decline Lines looks very bullish for stocks.

Oct 05 2004

View From The North Country

  • Oct 5, 2004

After all the outrage over Enron and other accounting scandals, Congress is now working to over rule the FASB recommendations and guidelines regarding the accounting for options. They have clearly caved to the Tech lobby and their campaign contributions.

May 05 2001

Market Breadth Update

  • May 5, 2001

Based on the weekly Advance/Decline line, market breadth has improved considerably. This is evidence of a much stronger underlying stock market than the S&P 500 and other measures might indicate.

Apr 03 2001

Market Breadth Update

  • Apr 3, 2001

Despite the market’s weakness in March, the breadth experienced some deterioration in the last half of the month.

Mar 05 2001

Be A Buyer, Not A Seller

  • Mar 5, 2001

Stock selection in a recession is a different ball game! A look at some of the rules and the traps when investing during a recession. The Bullish Message Of Breadth: Demonstration of how divergences between the S&P 500 and the A/D Lines have denoted market tops and market strength.

Feb 05 2001

Have Increased Equity Exposure

  • Feb 5, 2001

Our Aggressive Stance On Equity Exposure: Fed cuts, money supply expansion, tax cut prospects, fund inflow, and market internals.….Not all worries have gone away, however. This bear market has not followed what can be thought of as a traditional course.

Jan 07 2000

A December To Remember

  • Jan 7, 2000

Hot market in December with many tech groups up 20%+ and one-fourth of Leuthold’s groups posting double digit gains...as Y2K fears diminished, the market  momentum built.

Sep 05 1999

September…A New Investment Season Begins

  • Sep 5, 1999

September-October, two months to be wary of.

Aug 05 1998

Is 1998 Like 1987?

  • Aug 5, 1998

Comparing 1987 versus 1997 and 1998 Advance/Decline lines: 1987’s actually didn’t look nearly as bad as today’s.

Oct 05 1997

Octophobia? 1997 Is Not Like 1987 in Two Important Ways

  • Oct 5, 1997

Octophobia…but October 1997 is not at all like October 1987. In 1997, the Advance/Decline line has continued “in gear” with the S&P 500, whereas in 1987, the A/D line peaked out five months before August 1987’s peak.

Apr 05 1997

Interim Memo: Major Trend Index Turns Negative

  • Apr 5, 1997

Major Trend turned negative March 24th...Clients notified via Interim Memo. Bull market topping out or possibly already has. Market breadth measures signaling significant market deterioration.

Mar 05 1996

Major Stock Market Positives and Negatives

  • Mar 5, 1996

A review of the major stock market positives and negatives as Steve currently views them. There are now six major positives and four major negatives.