Breadth Divergence Alert
Price making new highs while breadth indicators are declining. Internal market weakness detected —
advance/decline line is not confirming the move. Exercise caution.
Market Breadth:——↑———↓
A/D Ratio
—
→NYSE + NASDAQ proxy
McClellan Osc
—
→EMA19 − EMA39 of A/D
Summation Index
—
→Running McClellan cumsum
% Above 200MA
—
→S&P 500 proxy universe
New H/L Ratio
—
→(Highs−Lows)/(Highs+Lows)
Zweig BT EMA
—
→10d-EMA of adv/total (need >0.615)
McClellan Oscillator — 90-Day HistoryZero line marked
0
% Above 200MA
—
Stocks above 200-day MA
0%Oversold ← 25%75% → Overbought100%
% Above 50MA
—
0%
Zweig Breadth Thrust (ZBT)Zweig 1986 — rare & very bullish when triggered
🔴
ZBT Not Active
No Zweig Breadth Thrust signal within the last 10 trading days.
Signal requires 10d-EMA of (advances/total) to move from below 0.40 to above 0.615 within 10 days.
Current ZBT EMA Ratio
00.40 (low)0.615 (signal)1.0
Historical ZBT Signals & Forward Returns
Date
EMA Peak
SPX +3M
SPX +6M
SPX +12M
52-Week New Highs vs New Lows
New 52W Highs
—
today
New 52W Lows
—
today
High/Low Net Ratio (+1 = all highs, −1 = all lows)