When participation is mixed, the headline move is less trustworthy.
When participation is mixed, the headline move is less trustworthy.
Regional confirmation weakened the internal read by 67.8 pts versus the prior window.
Equal-weight breadth weakened the internal read by 57.5 pts versus the prior window.
Cyclical vs defensive improved the internal read by 42.4 pts versus the prior window.
Leadership is narrowing back into large caps
Weakened vs prior periodCyclicals still lead the tape
Improved vs prior periodConfirmation is softening
Weakened vs prior periodMeaning: Tracks whether performance is widening beyond the cap-weighted index.
Meaning: Tests whether smaller equities are confirming broader risk appetite.
Meaning: Measures whether cyclical sectors still lead the defensive complex.
Meaning: Checks whether lower-quality credit still backs the move.
Meaning: Tests whether international equities are confirming US leadership.
Source health: Yahoo: 11 ok