When participation is mixed, the headline move is less trustworthy.
Internal participation is mixed and fading.
What changed vs prior window
Small-cap confirmation-25.2
Small-cap confirmation weakened the internal read by 25.2 pts versus the prior window.
Equal-weight breadth-4.0
Equal-weight breadth weakened the internal read by 4.0 pts versus the prior window.
Regional confirmation+8.8
Regional confirmation improved the internal read by 8.8 pts versus the prior window.
Three simple checks
How broad the move isBreadth
-13.531.5
Narrow and fragile
Leadership is narrowing back into large caps
Weakened vs prior periodMar 30Aug 27
Who is leadingRotation
+3.995.4
Risk-sensitive leaders still lead
Cyclicals still lead the tape
Improved vs prior periodMar 30Aug 27
Are other markets backing it?Confirmation
+6.855.5
Backing is only partial
Confirmation remains patchy
Improved vs prior periodMar 30Aug 27
Under the surface
Equal-weight breadth
Leadership is narrowing back into mega caps
Meaning: Tracks whether performance is widening beyond the cap-weighted index.
Move health score29.4
Technical detail
Small-cap confirmation
Risk appetite is still avoiding small caps
Meaning: Tests whether smaller equities are confirming broader risk appetite.
Move health score34.2
Technical detail
Cyclical vs defensive
Cyclicals are still in front
Meaning: Measures whether cyclical sectors still lead the defensive complex.
Move health score95.4
Technical detail
Credit confirmation
Credit support is mixed
Meaning: Checks whether lower-quality credit still backs the move.
Move health score53.3
Technical detail
Regional confirmation
Global confirmation remains patchy
Meaning: Tests whether international equities are confirming US leadership.
Move health score57.8
Technical detail
Data qualityLive rebuild · Aug 27 14:24 UTC
UpdatedAug 27 14:24 UTC
SourceLive rebuild
Staleness0s
Coverage100% · 5/5
Positive / neutral / negative1 / 2 / 2
ConfidenceHigh confidence
Source health: Yahoo: 11 ok