Indicators

T2108 still below the 50% mark of stocks trading above their 40-day moving average and over the last two weeks it has been non directional.

T2107 (percentage of stocks trading above their 200-day moving average) showing some stalling under resistance.

Relative strength vs SPY. Potential short-term bottom signal here at support.

Some improvement with the downtrend breaking. Currently at 41% on T2108.

Solid move, but still 68% of stocks remain below their 40-day moving average - a total garbage market.

Never before have we see this many stocks go down when the S&P 500 traded higher. It's the NVDA effect.

Only 36% of stocks trading above their 40-day moving average while SPY hits new all time highs today, is wild!

Market weakness is accelerating here, with only 43% of stocks trading above their 40-day moving average on the T2108 indicator.

Stock market breadth, as seen on T2108 is rapidly declining.

Getting better since this chart was taken in the premarket - now at 62% - which is a big improvement, but still needs to be better.