Divergence Watch
Market Breadth — Records on a Thin Base
20 of 26 divergences are active, 20 pointing down — risk score 64 of 100 (mega-cap concentration warning). Strongest: Nasdaq breadth. In the last month the Nasdaq 100 rose 6.0%, the equal-weight Nasdaq rose 3.7%.
Chapters
Transcript
0:00 20 of 26 warning lights are on. 20 point down, 0 point up.
0:04 Divergence Watch: where the market’s surface and its foundation disagree.
0:10 Our scanner compares 26 pairs of markets that usually move together. Risk score this week: 64 of 100.
0:15 The reading: mega-cap concentration warning.
0:20 Strongest: Nasdaq breadth — 85 of 100, 15 days running.
0:25 Next: Small-cap (82) and Breadth-momentum (82).
0:30 In the last month the Nasdaq 100 rose 6.0%, the equal-weight Nasdaq rose 3.7%.
0:37 The Nasdaq 100 made its high on 6 October. The equal-weight Nasdaq is still 2.2% below its August high.
0:44 If it resolves up: Nasdaq participation broadens.
0:48 If it resolves down: Nasdaq 100 fades after equal-weight deteriorated.
Every divergence, every day → All videos →
More videos
Research diary, not investment advice. Figures as stated in the video, to the date shown.