Today's number is... 161

The S&P 500 is still sitting near the highs. But underneath the surface, more stocks are now breaking down than trending higher.

Here’s the chart:

Let's break down what the chart...

Today's number is... 4

This is usually the point in the mid-term cycle when it starts becoming much more challenging for investors. Historically, May has often marked the beginning of one of the weakest and most volatile...

Today's number is... 20

The market just lost one of its biggest bullish tailwinds, and most investors probably didn’t even notice.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 27

A quiet shift just hit market internals. More NYSE stocks hit new lows than new highs for the first time in 27 trading days. 

Here’s the chart:

Let's break down...

Today's number is... 350

The market’s biggest growth stocks just reclaimed their prior cycle highs and broke into blue-sky territory.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 4

Momentum stocks just hit their highest relative level versus the S&P 500 in more than four years.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 22

Stocks have now posted 22 straight trading days with more new highs than new lows, even as investors keep waiting for this rally to break down.

Here’s the chart:

Let's...

Today's number is... 2

Two extremes just hit at the same time: the riskiest stocks on Wall Street just hit all-time highs relative to the S&P 500, while the safest stocks just hit all-time lows. 

...

Today's number is... 102.9%

The current S&P 500 bull market is now up 102.9% from the October 2022 low.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 100%

All major indices are above every key moving average, from 5-day to 200-day.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 5

We are entering May, the 5th month of the year, and the start of the market’s weakest period, which tends to run through the middle of the year. 

Here’s the chart:

...

Today's number is... 30

The Dow holds 30 stocks, and they are not moving the same way.

Here’s the table:

Let's break down what the chart shows:

...

Today's number is... 13.6%

S&P 600 small caps are up 13.6% year to date, leading every major size and style group.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 18

Semiconductors just closed 18 days higher in a row. That is the longest streak on record.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 56

Bullish Consensus is at 56, sitting mid-range while the S&P 500 pushes back to all-time highs.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 3

Three cyclical vs defensive ratios are breaking out together across large, mid, and small caps.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 100

The Canary In The Coal Mine Composite is sitting at 100, with all eight canaries back above their 200-day moving average, and all are trending higher.

Here’s the chart:

Today's number is... 20

20-day highs are surging, with 58% of small caps, 48% of mid caps, and 43% of large caps pushing to fresh short-term highs.

Here’s the chart:

Let's break down what the...

Today's number is... 1.74

The High Beta vs Low Volatility ratio just broke out to fresh all-time highs at 1.74.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 5

The S&P 500 just printed its 5th all-time high of the year.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 2

Two leadership groups are already at all-time highs.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 2

Two risky areas of the market, Small Caps and Micro Caps, have followed the same multi-year basing pattern breakout, retest, and expansion attempt.

Here’s the chart:

Let'...

Today's number is... 147

My custom Risk-On vs Risk-Off ratio is back testing the 147 level.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 13

The S&P 500 spent 13 days below its 200-day moving average before reclaiming it with a 2.5% rally yesterday.

Here’s the chart:

Let's break down what the chart shows...