When participation is mixed, the headline move is less trustworthy.
When participation is mixed, the headline move is less trustworthy.
Small-cap confirmation weakened the internal read by 25.2 pts versus the prior window.
Equal-weight breadth weakened the internal read by 4.0 pts versus the prior window.
Regional confirmation improved the internal read by 8.8 pts versus the prior window.
Leadership is narrowing back into large caps
Weakened vs prior periodCyclicals still lead the tape
Improved vs prior periodConfirmation remains patchy
Improved 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