What is market breadth telling us

We are clearly at a extreme bullish breadth levels. The T2108 is at 85.72. Such high levels lead to corrections. Many such corrections can be sudden and vicious. But a overbought market can remain overbought for long. In a long running bull market such overbought levels correct slowly and then the move resumes. At this stage we do not know how this move will play out. But you should be in a pullback/correction anticipation mood. Protecting profits made so far should be one of the prime objective.

A series of 300 plus negative 4% days will be negative for market.
The #of stocks up 25% in a quarter going below 200 would be bearish
So far we have not seen these things.
So breadth is showing you a good bull market currently.
Which is getting reflected in our trading.

	Market Monitor Market monitor is market breadth based market timing tool		Current Readings Market in a rally mode. Earnings season currently on

Type	Indicator	Value	Comments

Daily	# of stocks up >4% on high volume	202
Daily	# of stocks down>4% on high volume	158
Primary	# of stocks up >25% in a quarter	2214
Primary	# of stocks down>25% in a quarter	314	Approaching 200 indicates extreme bullishness
Secondary	# of stocks up> 50% in a month	13	But this one is not in extreme zone.
Secondary	# of stocks down>50% in a month	3
Secondary	# of stocks up>25% in a month	193
Secondary	# of stocks down>25% in a month	19
Primary fast	# of stocks up>13% in 34 days	2717
Primary fast	# of stocks down>13% in 34 days	526
MMA+	% of stocks in confirmed uptrend	66
MMA-	% of stocks in confirmed downtrend	13
10 day cumulative breadth ratio		4.42

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